AFRICAN BANK LIMITED - Credit Rating of African Bank Limited by Standard & Poors Rating Services
ABKI01 ABKI02 ABKI03 ABKI04 ABK1 ABK2 ABK10 ABK11 ABK12 ABK3 ABK4 ABK5 ABK6 ABK7 ABK8 ABK9 ABKS1 201604060002A
Credit Rating of African Bank Limited by Standard & Poor’s Rating Services
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2014/176899/06)
Company code: ABKI
(“the Bank” or “African Bank”)
CREDIT RATING OF AFRICAN BANK LIMITED BY STANDARD & POOR’S RATING SERVICES
Standard & Poor’s Rating Services (“S&P”) have assigned a ‘B+/B’ global scale rating and a ‘zaBB-
/zaB’ national scale rating to African Bank. The outlook is negative, reflecting S&P’s negative
economic risk perception of the South African banking system. This rating also applies to the Bank’s
US$ 6 billion Euro Medium Term Note programme (“EMTN”) and all notes issued under that
programme which are listed either on the London Stock Exchange (“LSE”) or the Swiss Securities
Exchange (“SIX”). The ZAR 25 billion Domestic Medium Term Note programme (“DMTN”) and all
notes issued under that programme have not been rated.
The rating covers the following securities listed on the LSE under the Bank’s EMTN programme:
ISIN Nominal Amount (US$) Maturity Date
XS1390059969 280 000 000 8 Feb 2020
XS1390060546 280 000 000 19 Oct 2020
The rating covers the following securities listed on SIX under the Bank’s EMTN programme:
Series Number ISIN Nominal Amount (CHF) Maturity Date
Series 1 CH0310140543 120 000 000 18 Mar 2019
Series 2 CH0310140568 100 000 000 20 Jul 2020
Series 3 CH0310140584 84 000 000 5 Jun 2021
Series 4 CH0310140600 140 000 000 22 Apr 2022
Interested parties can contact African Bank at investor.relations@africanbank.co.za for any further
information.
Date 6 April 2016
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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