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ABL/ABLP - African Bank Investments Limited - African Bank issues R1 Billion of

Release Date: 08/03/2011 13:37
Code(s): ABL ABLP
Wrap Text

ABL/ABLP - African Bank Investments Limited - African Bank issues R1 Billion of senior unsecured bonds AFRICAN BANK INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registered bank controlling company) (Registration number 1946/021193/06) Ordinary share code: ABL ISIN: ZAE000030060 Preference share code: ABLP ISIN: ZAE000065215 ("ABIL") AFRICAN BANK ISSUES R1 BILLION OF SENIOR UNSECURED BONDS African Bank Limited ("African Bank"), a wholly-owned subsidiary of ABIL, has issued a R1 billion four year, floating rate senior unsecured bond, with a redemption date of 08 March 2015 (ABL12B). The bond was issued at a credit spread of 240 basis points above 3 month JIBAR. ABL12B will be listed on the Bond Market of the JSE Limited on 08 March 2011. This is the 23rd issuance of bonds under African Bank`s R15 billion domestic medium term note programme. For further information please contact Steven Kahanovitz on 011 564 6709 or Gavin Jones on 011 564 6868. Midrand 08 March 2011 Lead arranger and sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Legal advisers to the issuer PRINSLOO, TINDLE & ANDROPOULOS INC Date: 08/03/2011 13:37:13 Supplied by www.sharenet.co.za 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.

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