ABL
ABL
ABIL - Issues R750 Million, Senior Unsecured 5-Year Bond - Abl5
AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
(Share code: ABL)
(ISIN : ZAE000030060)
("ABIL")
AFRICAN BANK LIMITED ISSUES R750 MILLION, SENIOR UNSECURED 5-YEAR BOND - ABL5
African Bank Limited, a wholly owned subsidiary of African Bank Investments
Limited has issued R750 million senior unsecured bonds, with a coupon of 9.70%
p.a. paid semi-annually and a redemption date of 11 August 2011 ("ABL5").
The ABL5 bond will be listed on the Bond Exchange of South Africa ("BESA") on 11
August 2006. The bonds were issued at a credit spread of 135bps above the
government benchmark R153 bond, which is a further improvement on the 150 bps
credit spread paid on the 5-year ABL4 bond issued in August 2005.
The bond issue was arranged and led by Nedbank Capital, a division of Nedbank
Limited, and is the fifth tranche of senior unsecured bonds under the R5 billion
domestic medium term note programme.
For further information please contact David Woollam (CFO) on 082 451 9736 or
Leon Kirkinis (CEO) on 082 920 1558.
Midrand
7 August 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/08/2006 05:03:37 PM Produced by the JSE SENS Department
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