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ABL ABLP
ABL BIABL
ABL/ABLP/BIABL - African Bank Investments Limited/African Bank Limited -
African Bank issues USD50 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")
and
African Bank Limited
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
("African Bank")
AFRICAN BANK ISSUES USD50 MILLION OF SENIOR UNSECURED BONDS
African Bank (a wholly-owned subsidiary of ABIL) has tapped its existing
6.000% fixed rate senior unsecured notes due 15 June 2016 (ISIN XS0638008051)
for an amount of USD50 million. The notes were issued at a credit spread of
649bps 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 additional tranche of notes will be listed on the London Stock Exchange on
2 March 2012 and will be indicated by the temporary ISIN number XS0752725530
until the 40 days after the date of the settlement of the additional tranche
(11 April 2012). At this time the new tranche of notes will become fungible
with the existing series of notes, whereupon the temporary ISIN number will
fall away and the new tranche of notes will become incorporated into the
original bond, having the ISIN number XS0638008051. The notes were issued
under African Bank`s USD2 billion Euro Medium Term Note programme.
The coupon payment dates for the new tranche of notes will fall on the same
dates as the existing series (15th of June and 15th of December, starting from
15th of June 2012).
For further information please contact Steven Kahanovitz on +27 11 564 6709 or
Gavin Jones on +27 11 564 6868.
Midrand
27 February 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Sole Bookrunner and lead arranger
GOLDMAN SACHS INTERNATIONAL
Date: 27/02/2012 15:12:01 Produced by the JSE SENS Department.
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