| Thu 29 Mar 2012, 14:15 | | BIABL - African Bank Limited - Listing of New Financial Instrument |
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JSE
BIABL
BIABL - African Bank Limited - Listing of New Financial Instrument
African Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1975/002526/06)
Company code: BIABL
("African Bank")
LISTING OF NEW FINANCIAL INSTRUMENT
The JSE Limited has granted African Bank the listing of its ABLS4 Subordinated
Unsecured Floating Rate Notes, in terms of its ZAR25 billion Domestic Medium
Term Note Programme dated 19 May 2011.
INSTRUMENT TYPE: Floating Rate Notes
Total Notes in Issue: 11,774,000,000.00 excluding this
issuance of Notes
Instrument Code: ABLS4
Nominal Issued: R300,000,000.00
Issue Price: 100%
Interest Rate: 10.100% (3 month Jibar as at 26 March
2012 of 5.600% + 450bps)
Coupon Rate Indicator: Floating rate
Issue Date: 29 March 2012
Interest Commencement Date: 29 March 2012
Maturity Date: 29 March 2019
Last day to Register: By 17h00 on 17 June, 17 September, 17
December and 17 March of each year until
the Maturity Date
Books Close: 18 June, 18 September, 18 December and
18 March of each year occurring after 29
March 2012 until the Maturity Date
Interest Payment Dates: 29 June, 29 September, 29 December and
29 March of each year until the Maturity
Date
Interest Determination Date: The first Interest Determination Date
shall be 26 March 2012 and thereafter 29
June, 29 September, 29 December and 29
March of each year until the Maturity
Date
ISIN: ZAG000094244
Business Day Convention: Following business day
The Notes will be immobilised in the Central Depository ("CSD") and settlement
will take place electronically in terms of JSE Rules.
29 March 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 29/03/2012 14:15:02 Produced by the JSE SENS Department.
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