AFRICAN BANK INVESTMENTS LIMITED - African Bank issues R1 billion of senior unsecured bonds

African Bank issues R1 billion 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 R1 BILLION OF SENIOR UNSECURED BONDS

African Bank (a wholly-owned subsidiary of ABIL) has successfully
issued a ZAR 1 billion three year bond under its Domestic Medium
Term Note (DMTN) programme. The issue is part of African Bank’s
R25 billion DMTN programme designated for general funding
purposes.

The senior unsecured Jibar-linked bond (ISIN ZAG000106600) was
issued at a credit spread of 275 bps above the prevailing 3-month
Jibar rate. The bond pays a quarterly coupon and is set to mature
on 21 June 2016.

Gavin   Jones,  Executive:   Funding  and   Liability  Management,
commented on the issuance: “We are pleased with the strong vote of
confidence   from   South   African  debt   funders.  This   issue
demonstrates our ability to fund ourselves successfully in
difficult market conditions.”

African Bank regularly taps its DMTN bond programme through all
business cycles and has issued over 30 bonds under this programme
in the last 12 years. The bank has also issued the equivalent of
ZAR 2.427 billion through two Swiss bonds in 2012 and ZAR 5.358
billion in three US Dollar bonds under its London-listed Euro
Medium Term Note programme since its inception in 2010.

For further information please contact Gavin Jones on +27 11 564
6868.

Midrand
20 June 2013

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

Sole Arranger and bookrunner
ABSA CORPORATE AND INVESTMENT BANK, A DIVISION OF ABSA BANK
LIMITED

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