CPI/CPIP - Capitec Bank Holdings Limited - Capitec Bank Limited Issues

CPI/CPIP - Capitec Bank Holdings Limited - Capitec Bank Limited Issues          
ZAR1.25 billion Senior Unsecured 3 and 5-Year Bonds                             
CAPITEC BANK HOLDINGS LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registered bank controlling company)                                           
(Registration number 1999/025903/06)                                            
Ordinary share code: CPI ISIN: ZAE000035861                                     
Preference share code: CPIP ISIN: ZAE000083838                                  
CAPITEC BANK LIMITED ISSUES ZAR1.25 BILLION SENIOR UNSECURED 3 AND 5-YEAR       
BONDS                                                                           
Capitec Bank Limited ("Capitec Bank"), a wholly-owned subsidiary of Capitec     
Bank Holdings Limited, issued a combination of floating and fixed rate senior   
unsecured bonds on 6 May 2011 with redemption dates of 6 May 2014 and 6 May     
2016.                                                                           
1. CBL10                                                                        
The 3-year floating rate bond raised ZAR450 million and was issued at a         
credit spread of 220 basis points over the 3-month JIBAR rate.  The initial     
rate payable will be 7.775% nominal annual compounding quarterly. The CBL10     
bond matures on 6 May 2014.                                                     
2. CBL11                                                                        
The 5-year fixed rate bond raised ZAR800 million and was issued at a coupon     
of 10.52% nominal annual compounding semi-annually.  This was determined by     
adding a credit spread of 231 basis points to the government benchmark R203     
bond. The CBL11 bond matures on 6 May 2016.                                     
This is the fifth issue by Capitec Bank under its ZAR4 billion Domestic         
Medium Term Note programme which is listed on the interest rate market of the   
JSE Limited.  Bids in the amount of ZAR4.092 billion were received in total     
for the above two issues.  These issues coincide with the first maturities      
under the DMTN programme being CBL01 in the amount of ZAR110 million and        
CBL02 in the amount of ZAR380 million.  In total ZAR2.722 billion is now in     
issue under this programme. Rand Merchant Bank, a division of FirstRand Bank    
Limited arranged the bond issue. The CBL10 and CBL11 bonds were listed on the   
interest rate market of the JSE Limited on 6 May 2011.                          
Stellenbosch                                                                    
6 May 2011                                                                      
Sponsor                                                                         
PSG Capital (Pty) Limited                                                       
Date: 06/05/2011 11:34:01 Supplied by www.sharenet.co.za                     
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