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 two bonds totaling ZAR 1 billion 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 first bond is a two year unsecured floating rate Jibar-linked bond (ISIN ZAG000109307) to the value of R510
million and was issued at a credit spread of 285 bps above the prevailing 3-month Jibar rate. This senior unsecured
bond (ABL18) pays a quarterly coupon and is set to mature on 25 September 2015.

The second bond (ABL19 ISIN ZAG000109323), to the value of R490 million was issued at a credit spread of 400
bps above the prevailing 3-month Jibar rate, pays a quarterly coupon and is set to mature on 25 September 2018.
Gavin Jones, Executive: Funding and Liability Management, commented: “We are once again very pleased about the
consistent support that we have enjoyed from our South African debt funders, and this is particularly gratifying in the
context of some rather turbulent markets.”

African Bank regularly raises funding under its DMTN bond programme through all business cycles and has issued
over 40 bonds under this programme in the last 12 years. For further information please contact Gavin Jones on +27
11 564 6868.

Midrand
20 September 2013

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

Joint Arranger and book runners
ABSA CORPORATE AND INVESTMENT BANK, A DIVISION OF ABSA BANK LIMITED
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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