ABL/ABLP - African Bank Investments Limited - African Bank issues USD300 million
ABL ABLP
ABL
ABL/ABLP - African Bank Investments Limited - African Bank issues USD300 million
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 USD300 MILLION OF SENIOR UNSECURED BONDS
African Bank Limited (a wholly-owned subsidiary of ABIL) ("African Bank") has
issued a USD 300 million five year fixed rate senior unsecured bond (ISIN
XS0638008051), with a final redemption date of 15 June 2016. This bond was
issued at a credit spread of 425bps above the prevailing five year US Dollar
midswaps rate. African Bank has executed a USD / ZAR cross currency hedge,
swapping all future US Dollar exposure into fixed ZAR exposure.
The bond has been listed on the London Stock Exchange on 15 June 2011, and is
the first listed bond issued under African Bank`s USD1 billion Euro Medium Term
Note programme.
For further information please contact Steven Kahanovitz on +27 11 564 6709 or
Gavin Jones on +27 11 564 6868.
Midrand
15 June 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Joint bookrunners and lead managers
CREDIT SUISSE SECURITIES (Europe) LIMITED, GOLDMAN SACHS INTERNATIONAL, STANDARD
CHARTERED BANK
Co-manager
RAND MERCHANT BANK (A division of FirstRand Bank Limited - London Branch)
Date: 15/06/2011 15:58:01 Produced by the JSE SENS Department.
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