ABL/ABLP - African Bank Investments Limited - African Bank Issues A R2
ABL ABLP
ABL
ABL/ABLP - African Bank Investments Limited - African Bank Issues A R2
Billion, Senior Unsecured 5-Year Inflation Linked Bond (ABL I02)
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
AFRICAN BANK ISSUES A R2 BILLION, SENIOR UNSECURED 5-YEAR INFLATION LINKED
BOND (ABL I02)
African Bank Limited, a wholly-owned subsidiary of African Bank Investments
Limited has issued, by way of a private placement, a five year, R2 billion
senior unsecured inflation linked bond. The yield to maturity on the
instrument equates to CPI plus 8%, which represents a spread of approximately
500 bps above the benchmark R189 government inflation linked bond. In line
with existing practice, African Bank will hedge the inflation risk embedded in
the bond.
This bond, the largest issued by African Bank to date, is the 12th tranche of
senior unsecured bonds under its DMTN programme and will be listed on the Bond
Exchange of South Africa (BESA) on 8 May 2009.
For further information please contact David Woollam (Managing Director) on
011 256 9234 or Nga Kugotsi (African Bank Treasurer) on 011 256 9242.
Midrand
6 May 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/05/2009 15:45:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
