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AFRICAN BANK LIMITED - Listing of New Financial Instrument

Release Date: 15/08/2012 15:54
Code(s): ABLC07     PDF:  
Wrap Text
Listing of New Financial Instrument

African Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1975/002526/06)
Company code: BIABL
(“African Bank”)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted African Bank the listing of its
ABLC07 Unsecured Floating Rate Notes under its ZAR25 billion
Domestic Medium Term Note Programme dated 1 June 2012, where a
total of R500 million was raised.

Instrument Type                : Senior Floating Rate Note
Total Notes in issue           : R11.828 million, excluding this
                                 issuance of Notes

Bond Code                      :   ABLC07
Issue Date                     :   15 August 2012
Nominal Issued                 :   R500,000,000
Issue Price                    :   100%
Interest Rate                  :   5.481% (3 month Jibar as at 13
                                   August 2012 of 5.081% plus
                                   40bps)
Interest Commencement Date     :   15 August 2012
Last day to register           :   By 17h00 on 04 November 2012
                                   and 04 February 2013
Books Close                    :   05 November 2012 and 05
                                   February 2013
Interest Determination Date    :   13 August 2012 and 15 November
                                   2012
Interest Payment Dates         :   15 November 2012 and 15
                                   February 2013
Maturity Date                  :   15 February 2013
ISIN No                        :   ZAG000097924
Business Day Convention        :   Following Business Day


15 August 2012

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Arranger
ABSA Capital

Date: 15/08/2012 03:54:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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