ABL/ABLP - African Bank Investments Limited - African Bank issues R1 Billion of
ABL ABLP
ABL
ABL/ABLP - African Bank Investments Limited - African Bank issues R1 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 BILLION OF SENIOR UNSECURED BONDS
African Bank Limited ("African Bank"), a wholly-owned subsidiary of ABIL, has
issued a R1 billion four year, floating rate senior unsecured bond, with a
redemption date of 08 March 2015 (ABL12B). The bond was issued at a credit
spread of 240 basis points above 3 month JIBAR.
ABL12B will be listed on the Bond Market of the JSE Limited on 08 March 2011.
This is the 23rd issuance of bonds 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
08 March 2011
Lead arranger and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Legal advisers to the issuer
PRINSLOO, TINDLE & ANDROPOULOS INC
Date: 08/03/2011 13:37:13 Produced by the JSE SENS Department.
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