| Wed 8 Aug 2012, 14:15 | | AFRICAN BANK LIMITED - Listing of Tap Issue |
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ABLS5 201208080031A
Listing of Tap Issue
African Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1975/002526/06)
Company code: BIABL
(“African Bank”)
LISTING OF TAP ISSUE
The JSE Limited has granted African Bank the listing of its ABLS5
Subordinated Unsecured Floating Rate Notes, in terms of its
ZAR25 billion Domestic Medium Term Note Programme dated 1 June
2012, where a total of R542 million was raised.
Total Notes in Issue: 11,586 million excluding this
issuance of Notes and the redemption of
ABLS1
Instrument Type: Subordinated Floating Rate Notes
Instrument Code: ABLS5
Nominal Issued: R542,000,000.00
Issue Price: 101.2235%
Total ABLS5 notes in issue: R867,000,000.00
Interest Rate: 10.595% (3 month Jibar as at 26 June
2012 of 5.605% + 499bps)
Coupon Rate Indicator: Floating rate
Issue Date: 8 August 2012
Interest Commencement Date: 29 June 2012
Maturity Date: 29 June 2024
Call Option Date 29 June 2019
Last day to Register: By 17h00 on 18 September, 18 December,
18 March and 18 June of each year until
the Maturity Date
Books Close: 19 September, 19 December, 19 March and
19 June in each year until the Maturity
Date
Interest Payment Dates: 29 September, 29 December, 29 March and
29 June of each year until the Maturity
Date
Interest Determination Date: The first Interest Determination Date
shall be 26 June 2012 and thereafter 29
September, 29 December and 29 March and
29 June of each year until the Maturity
Date
ISIN: ZAG000096744
Business Day Convention: Modified Following Business Day
The Notes will be immobilised in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
8 August 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 08/08/2012 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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