Sharenet Sites 
Sharenet Sites
ABL/ABLP/BIABL - African Bank Investments Limited/African Bank Limited - African Bank issues USD50 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 USD50 MILLION OF SENIOR UNSECURED BONDS African Bank (a wholly-owned subsidiary of ABIL) has tapped its existing 6.000% fixed rate senior unsecured notes due 15 June 2016 (ISIN XS0638008051) for an amount of USD50 million. The notes were issued at a credit spread of 649bps 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 additional tranche of notes will be listed on the London Stock Exchange on 2 March 2012 and will be indicated by the temporary ISIN number XS0752725530 until the 40 days after the date of the settlement of the additional tranche (11 April 2012). At this time the new tranche of notes will become fungible with the existing series of notes, whereupon the temporary ISIN number will fall away and the new tranche of notes will become incorporated into the original bond, having the ISIN number XS0638008051. The notes were issued under African Bank`s USD2 billion Euro Medium Term Note programme. The coupon payment dates for the new tranche of notes will fall on the same dates as the existing series (15th of June and 15th of December, starting from 15th of June 2012). For further information please contact Steven Kahanovitz on +27 11 564 6709 or Gavin Jones on +27 11 564 6868. Midrand 27 February 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Sole Bookrunner and lead arranger GOLDMAN SACHS INTERNATIONAL Date: 27/02/2012 15:12:01 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.
