Absa Bank Limited Announces Its Second Tier Ii Bon
News Release:
Absa Bank Limited will be issuing a subordinated callable Tier II bond in
the first quarter of 2002. Absa Corporate and Merchant Bank, the investment
banking arm of Absa Bank Limited, and Merrill Lynch South Africa
(Proprietary) Limited have been appointed as joint lead managers and joint
bookrunners for this bond issue. aloeCap (Proprietary) Limited has been
appointed as a co-manager.
The timing, maturity and size of the issue will be determined and announced
at a later date. This will be Absa's second local currency Tier II bond
issue.
Further details will be released as soon as they become available. Contact
Jacques Schindeh tte, Group Executive: Finance, Absa Bank Limited (tel no:
+27 11 350 4850), Tjaart Kruger, Head: Capital & Debt Markets, Absa
Corporate and Merchant Bank (tel no: +27 11 350 2635), Andrew Cross,
Director, Merrill Lynch South Africa (Proprietary) Limited (tel no: +27 11
305 5731) or Attlee Masuku, Director, aloeCap (tel no: +27 11 447 4888).
ABSA Corporate & Merchant Bank
Sponsor
Merrill Lynch
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