Sharenet Sites 
Sharenet Sites
Results of Offer to Buy Back Certain Notes Issued in Terms of the DMTN Programme Listed on the JSE - ABKI
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
Company code: ABKI
(“the Bank” or “African Bank”)
Results of offer to buy back certain notes issued in terms of the DMTN programme listed on the
JSE
Noteholders are referred to a Stock Exchange News Service (SENS) notice by African Bank on 8
September 2017 (the Prior Notice), wherein the Bank extended an invitation to noteholders to offer
to sell any or all of their holdings in certain senior unsecured notes issued under the Bank’s Domestic
Medium Term Note (DMTN) programme listed on the Interest Rate Market of the Johannesburg
Stock Exchange (the Invitation). The Invitation closed for offers to sell at 17h00 yesterday, 14
September 2017. The Prior Notice stipulated that the results of the Invitation would be disclosed to
the market by way of a new SENS notice. Accordingly, the Bank hereby announces the results of the
Invitation.
The following nominal amounts were offered per series and the Bank hereby announces that these
offers have been accepted by the Bank.
Stock ISIN Contractual Outstanding Nominal Amount Remaining
Code Maturity Nominal tendered and Outstanding
Date Amount accepted (ZAR) Nominal
offered (ZAR) (ZAR) % Amount (ZAR)
ABK1 ZAG000134420 7 Nov 2018 R360.0 million R162.5 million 45% R197.5 million
ABK2 ZAG000134438 24 May 2018 R420.0 million R129.9 million 31% R290.1 million
ABK3 ZAG000134446 7 Nov 2018 R400.0 million R182.6 million 46% R217.4 million
ABK4 ZAG000134453 24 May 2018 R304.0 million R149.9 million 49% R154.1 million
ABK5 ZAG000134461 31 Oct 2018 R800.0 million R616.0 million 77% R184.0 million
ABK11 ZAG000134529 20 May 2019 R408.0 million R383.2 million 94% R24.8 million
ABKI01 ZAG000134545 7 Nov 2018 R541.5 million R395.0million 73% R146.5 million
Settlement of the accepted offers, as set out above, is scheduled for Tuesday, 19 September 2017.
The “outstanding nominal amount offered” excluded all ABKI01 notes already bought back on the
open market by the Bank, as noted in the Prior Notice. The nominal amount of ABKI01 notes bought
back prior to the Invitation amounted to R58.5 million, representing 9.75% of the original nominal
issued amount of R600 million. The “remaining outstanding nominal amount” represents all notes
held by Noteholders other than the Bank.
The Bank does not currently intend to cancel any portion of the bought back notes and, as a
consequence, there will be no corresponding reduction in the outstanding nominal amount issued of
the affected notes. The Bank however retains the right to cancel any such notes held by it and
accordingly undertakes to inform the market by way of a SENS notice as and when it elects to do so.
15 September 2017
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/09/2017 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
