| Mon 18 May 2009, 15:30 | | CPI/CPIP - Capitec Bank Holdings - Capitec Bank Limited issues ZAR 322 million |
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CPI CPIP
CPI
CPI/CPIP - Capitec Bank Holdings - Capitec Bank Limited issues ZAR 322 million
senior, unsecured 3-year bond
Capitec Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/025903/06)
(JSE share code: CPI & ISIN : ZAE000035861 and CPIP & ISIN : ZAE000083838)
CAPITEC BANK LIMITED ISSUES ZAR 322 MILLION SENIOR, UNSECURED 3-YEAR BOND
Capitec Bank Limited, a wholly-owned subsidiary of Capitec Bank Holdings
Limited, issued a combination of fixed and floating senior unsecured bonds on
18 May 2009, with a redemption date of 18 May 2012.
The fixed rate bond, the CBL03, raised ZAR 137 million and was issued with a
coupon of 12.48%, nominal annual compounding semi-annually, which equated to a
credit spread of 415 basis points above the government benchmark R201 bond. The
floating rate bond, the CBL04, raised ZAR 185 million and was issued at a credit
rate spread of 415 basis points over the 3-month JIBAR rate. The initial rate
payable will be 12.025% nominal annual compounding quarterly.
This is the second issuance by Capitec Bank Limited under the Bond Exchange of
South Africa (BESA) listed ZAR 2 billion Domestic Medium Term Note programme. In
total, ZAR 812 million has been issued on the programme to date. The bond issue
was arranged and led by Investec Capital Markets, a division of Investec Bank
Limited. The CBL03 and CBL04 bonds were listed on BESA on 18 May 2009.
For further information please contact Andre du Plessis, Financial Director, on
021 809 5905.
Sponsor
PSG Capital (Pty) Ltd
Stellenbosch
18 May 2009.
Date: 18/05/2009 15:30:01 Produced by the JSE SENS Department.
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