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AFRICAN BANK INVESTMENTS LIMITED - African Bank Issues Its Second Tranche Of Chf125 Million (Swiss Francs) Senior Unsecured Bonds

Release Date: 07/11/2012 15:36
Wrap Text
African Bank Issues Its Second Tranche Of Chf125 Million (Swiss Francs) 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 ITS SECOND TRANCHE OF CHF125 MILLION (SWISS FRANCS) SENIOR
UNSECURED BONDS

African Bank (a wholly-owned subsidiary of ABIL) has issued the second, fixed rate senior unsecured Swiss bond
of CHF125 million, equivalent to ZAR1.164 billion, with a term of four years. The bond will be listed on the SIX
Swiss Exchange under African Bank’s existing USD2 billion Euro Medium Term Note (EMTN) Programme. The
bond, ISIN CH0199541308, due 09 November 2016, has an annual coupon rate of 4.00%. The coupon payment
dates for the notes will fall annually on 09 November.

This latest issue follows shortly after the inaugural Swiss Franc issue in July 2012, demonstrating the keen
interest in African Bank credit from Swiss investors after the original Swiss issue had performed well in the
secondary markets.

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
07 November 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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