ABL ABLP
ABL
ABL / ABLP - African Bank Investments - Issues R1.25 Billion, Senior
Unsecured 5-Year Bonds
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Ordinary share code: ABL & ISIN: ZAE000030060
Preference share code: ABLP & ISIN: ZAE000065215
("ABIL")
ABIL ISSUES R1.25 BILLION, SENIOR UNSECURED 5-YEAR BONDS
African Bank Limited, a wholly-owned subsidiary of ABIL has issued two senior
unsecured bonds totalling R1.25 billion as follows:
A R725 million senior unsecured bond with a coupon of 13% per annum, paid
semi-annually and with a redemption date of 19 September 2013 (ABL8A). This
bond was issued at a credit spread of 375bps above the government benchmark
R201 bond.
A R525 million senior unsecured floating rate note with a redemption date of
19 September 2013 (ABL8B). This bond was issued at a credit spread of 300bps
above the 3 months JIBAR.
The two bonds will be listed on the Bond Exchange of South Africa (BESA) on
19 September 2008. The bond issues were arranged and led by Nedbank Capital,
a division of Nedbank Limited, and is the eighth tranche of senior unsecured
bonds under the R10 billion domestic medium term note programme.
For further information please contact David Woollam on 011 256 9234 or Nga
Kugotsi on 011 256 9242.
Midrand
17 September 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/09/2008 14:22:01 Produced by the JSE SENS Department.
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