AFRICAN BANK LIMITED - Listing of Tap Issue - ABLS5

Listing of Tap Issue - ABLS5

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 third
tranche of ABLS5 Subordinated Unsecured Floating Rate Notes, to the
value of R500 million, in terms of its ZAR25 billion Domestic
Medium Term Note Programme dated 1 June 2012, which brings the
total issue of the ABLS5 notes to R1.367 billion.


Total Notes in Issue:         12,868 million excluding this
                              issuance of Notes
Instrument Type:              Subordinated Floating Rate Notes


Instrument Code:             ABLS5
Nominal Issued:              R500,000,000.00
Issue Price:                 101.6773%
Total ABLS5 notes in issue:  R1,367,000,000.00
Interest Rate:               10.053% (3 month Jibar as at 28
                             September 2012 of 5.063% + 499bps)
Coupon Rate Indicator:       Floating rate
Issue Date:                  28 November 2012
Interest Commencement Date: 28 September 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: 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.


28 November 2012

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 28/11/2012 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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