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AFRICAN BANK LIMITED - New Instrument Listing - ABLC08

Release Date: 18/02/2013 12:55
Code(s): ABLC08     PDF:  
Wrap Text
New Instrument Listing - ABLC08

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 ABLC08
Senior Unsecured Floating Rate Notes under its ZAR25 billion Domestic
Medium Term Note Programme dated 1 June 2012, where a total of
R250 million was raised.


Instrument Type              Senior Unsecured Floating Rate Notes
Total Notes in Issue:        R12.847 billion excluding this
                             issuance of Notes
Instrument Code:             ABLC08
Issue Date:                  19 February 2013
Nominal Issued:              R250,000,000
Issue Price:                 100%
Interest Rate:               5.483% (3 month Jibar as at 15 February
                             2013 of 5.083% plus 40 basis points)
Interest Commencement Date: 19 February 2013
Last Day to Register:        By 17h00 on 8 May 2013 and 8 August 2013
Books Close:                 9 May 2013 and 9 August 2013
Interest Determination Date: 15 February 2013 and 19 May 2013
Maturity Date:               19 August 2013
ISIN No:                     ZAG000103219
Business Day Convention:     Following Business Day


The Notes will be immobilised in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.

18 February 2013

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

Date: 18/02/2013 12:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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