AFRICAN BANK INVESTMENTS LIMITED - AFRICAN BANK ISSUES CHF150 MILLION (SWISS FRANCS) OF SENIOR UNSECURED BONDS

AFRICAN BANK ISSUES CHF150 MILLION (SWISS FRANCS) 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 CHF150 MILLION (SWISS FRANCS) OF SENIOR
UNSECURED BONDS

African Bank (a wholly-owned subsidiary of ABIL) has issued an
inaugural three year, fixed rate senior unsecured Swiss bond of
CHF150 million, equivalent to ZAR1,263 billion. The bond will be
listed on the SIX Swiss Exchange under African Bank’s existing
USD2 billion Euro Medium Term (EMTN) Note Programme. The bond,
ISIN CH0190227691 and due 24 July 2015, has an annual coupon rate
of 4.75%. The coupon payment dates for the notes will fall
annually on 24 July.

African Bank decided to pursue an offering and listing in the
Swiss market after substantial interest from Swiss investors in
its US dollar bonds issued under the EMTN programme in June 2011
and February 2012. The new issue has further diversified African
Bank’s funding base and broadened its investor universe. It is the
first ever CHF issuance by a bank in Africa and the first bond to
be issued by a South African institution in the Swiss public
market in more than 20 years.

African Bank has executed a CHF/ZAR cross currency hedge, swapping
all Swiss Franc coupon and principal flows into ZAR.

For further information please contact Gavin Jones on +27 11 564
6868 or Markus Borner on +27 11 564 7495.

Midrand
23 July 2012

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Joint bookrunners and arrangers
CREDIT SUISSE AG and BARCLAYS BANK PLC

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