AFRICAN BANK LIMITED - African Bank issues CHF105 million (Swiss francs) senior unsecured bonds

African Bank issues CHF105 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 CHF105 MILLION (SWISS FRANCS) SENIOR
UNSECURED BONDS

African Bank (a wholly-owned subsidiary of ABIL) has
successfully issued a third fixed rate senior unsecured Swiss
bond of CHF105 million, equivalent to ZAR1.155 billion.

The senior unsecured bond (ISIN CH0224486578) will be listed on
the SIX Swiss Exchange under African Bank’s existing USD2
billion Euro Medium Term (EMTN) Note Programme and is designated
for general funding purposes. The bond is due to mature on 11
October 2017 and will pay an annual coupon on the 11 October of
5.5%.

Gavin Jones, Executive: Funding and Liability Management,
commented on the issuance, “We are very pleased with the
continued support from our valued Swiss investors. After two
successful Swiss issues in 2012, the ZAR equivalent of our total
Swiss Franc bond issuance is valued at over ZAR3.582 billion.
This bond further contributes to our positive liquidity and debt
maturity profile.”

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

1 October 2013

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

Joint bookrunners and arrangers
CREDIT SUISSE AG and UBS AG

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