CPI/CPIP - Capitec Bank Holdings Limited - Capitec Bank Limited Issues ZAR1
CPI CPIP
CPI
CPI/CPIP - Capitec Bank Holdings Limited - Capitec Bank Limited Issues ZAR1
Billion Senior, Unsecured 3, 5 And 7-Year Bonds
CAPITEC BANK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1999/025903/06)
Ordinary share code: CPI ISIN: ZAE000035861
Preference share code: CPIP ISIN: ZAE000083838
CAPITEC BANK LIMITED ISSUES ZAR1 BILLION SENIOR, UNSECURED 3, 5 AND 7-YEAR
BONDS
Capitec Bank Limited ("Capitec Bank"), a wholly-owned subsidiary of Capitec
Bank Holdings Limited, issued a combination of floating and fixed rate senior
unsecured bonds on 2 November 2009 with redemption dates of 2 November 2012,
2014 and 2016.
1. CBL05
The 3-year floating rate bond raised ZAR700 million and was issued at a
credit spread of 370 basis points over the 3-month JIBAR rate. The initial
rate payable will be 10.904% nominal annual compounding quarterly. The CBL05
bond matures on 2 November 2012.
2. CBL06
The 5-year fixed rate bond raised ZAR140 million and was issued at a coupon
of 13.00% nominal annual compounding semi-annually. This was determined by
adding a credit spread of 430 basis points to the government benchmark R201
bond. The CBL06 bond matures on 2 November 2014.
3. CBL08
The 7-year fixed rate bond raised ZAR160 million and was issued at a coupon
of 14.10% nominal annual compounding semi-annually. The CBL08 bond matures on
2 November 2016.
This is the third issue by Capitec Bank under its ZAR2 billion Domestic
Medium Term Note programme which is listed on the Bond Market of the JSE
Limited ("the Bond Market"). In total, ZAR1.812 billion 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 CBL05, CBL06 and
CBL08 bonds were listed on the Bond Market on 2 November 2009.
Stellenbosch
2 November 2009
Sponsor
PSG Capital (Pty) Limited
Date: 02/11/2009 12:51:01 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.
