ABL/ABLP - African Bank Investments - African Bank issues R1.75 billion of
ABL ABLP
ABL
ABL/ABLP - African Bank Investments - African Bank issues R1.75 billion of
senior unsecured 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")
AFRICAN BANK ISSUES R1.75 BILLION OF SENIOR UNSECURED BONDS
African Bank Limited (a wholly-owned subsidiary of ABIL) ("African Bank") has
issued R1.75 billion of five year senior unsecured bonds, the details of which
are as follows:
- A R500 million, fixed rate senior unsecured bond with a redemption date of 15
March 2015 (ABL10A). This bond was issued at a credit spread of 325bps above
the benchmark R157.
- A R500 million, floating rate senior unsecured bond with a redemption date of
15 March 2015 (ABL10B). This bond was issued at a credit spread of 315bps above
3 month JIBAR.
- A R750 million, inflation linked senior unsecured bond with a redemption date
of 15 March 2015 (ABLI03). This bond was issued at a credit spread of 270bps
above the equivalent government inflation linked yield.
In aggregate, the issue was 81% oversubscribed.
The bonds will be listed on the Bond Market of the JSE Limited on 15 March 2010.
This issue is the 16th, 17th and 18th tranche of bonds issued under African
Bank`s R15 billion domestic medium term note programme.
For further information please contact Steven Kahanovitz on 011 564 6709 or
Gavin Jones on 011 564 6868.
Midrand
12 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/03/2010 07:05:12 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
