CPI/CPIP - Capitec Bank Holdings Limited - Capitec Bank Limited Issues
CPI CPIP
CPI
CPI/CPIP - Capitec Bank Holdings Limited - Capitec Bank Limited Issues
ZAR1.25 billion Senior Unsecured 3 and 5-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 ZAR1.25 BILLION SENIOR UNSECURED 3 AND 5-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 6 May 2011 with redemption dates of 6 May 2014 and 6 May
2016.
1. CBL10
The 3-year floating rate bond raised ZAR450 million and was issued at a
credit spread of 220 basis points over the 3-month JIBAR rate. The initial
rate payable will be 7.775% nominal annual compounding quarterly. The CBL10
bond matures on 6 May 2014.
2. CBL11
The 5-year fixed rate bond raised ZAR800 million and was issued at a coupon
of 10.52% nominal annual compounding semi-annually. This was determined by
adding a credit spread of 231 basis points to the government benchmark R203
bond. The CBL11 bond matures on 6 May 2016.
This is the fifth issue by Capitec Bank under its ZAR4 billion Domestic
Medium Term Note programme which is listed on the interest rate market of the
JSE Limited. Bids in the amount of ZAR4.092 billion were received in total
for the above two issues. These issues coincide with the first maturities
under the DMTN programme being CBL01 in the amount of ZAR110 million and
CBL02 in the amount of ZAR380 million. In total ZAR2.722 billion is now in
issue under this programme. Rand Merchant Bank, a division of FirstRand Bank
Limited arranged the bond issue. The CBL10 and CBL11 bonds were listed on the
interest rate market of the JSE Limited on 6 May 2011.
Stellenbosch
6 May 2011
Sponsor
PSG Capital (Pty) Limited
Date: 06/05/2011 11:34:01 Produced by the JSE SENS Department.
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