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ABL/ABLP/ BIABL - African Bank Investments Limited/ African Bank Limited -

Release Date: 22/02/2012 16:20
Code(s): ABL ABLP
Wrap Text

ABL/ABLP/ BIABL - African Bank Investments Limited/ African Bank Limited - African Bank issues USD350 million 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") and African Bank Limited (Incorporated in the Republic of South Africa) (Registered bank) (Registration number 1975/002526/06) Company code: BIABL ("African Bank") AFRICAN BANK ISSUES USD350 MILLION OF SENIOR UNSECURED BONDS African Bank (a wholly-owned subsidiary of ABIL) has issued a USD 350 million five year fixed rate senior unsecured bond (ISIN XS0751016865), with a final redemption date of 24 February 2017. This bond was issued at a credit spread of 693bps above the prevailing five year US Dollar midswaps rate. African Bank has executed a USD/ZAR cross currency hedge, swapping all future US Dollar exposure into fixed ZAR exposure. The bond will listed on the London Stock Exchange on 27 February 2012. It is the second listed bond issued under African Bank`s USD 2 billion Euro Medium Term Note programme. For further information please contact Steven Kahanovitz on +27 11 564 6709 or Gavin Jones on +27 11 564 6868. Midrand 22 February 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Joint bookrunners and lead managers CREDIT SUISSE SECURITIES (Europe) LIMITED, GOLDMAN SACHS INTERNATIONAL, STANDARD CHARTERED BANK, RAND MERCHANT BANK (A division of FirstRand Bank Limited - London Branch) Date: 22/02/2012 16:20:01 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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