AFRICAN BANK LIMITED - ABKI - Interest and Capital Payment Notifications

ABKI - Interest and Capital Payment Notifications

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2014/176899/06)
Company code: ABKI
Bond code: ABKI02     ISIN: ZAG000134552
Bond code: ABK6       ISIN: ZAG000134479
Bond code: ABK7       ISIN: ZAG000134487
Bond code: ABK8       ISIN: ZAG000134495
(“African Bank”)


INTEREST AND CAPITAL PAYMENT NOTIFICATIONS

Bondholders are advised of the following interest and capital payments due 3 June 2019:

Bond code:                  ABK7
ISIN:                       ZAG000134487
Nominal amount:             ZAR 567 200 000.00
Coupon:                     9.150%
Interest amount due:        ZAR 12 939 152.88
Capital amount due:         ZAR 567 200 000.00

Bond code:                  ABK8
ISIN:                       ZAG000134495
Nominal amount:             ZAR 152 800 000.00
Coupon:                     9.790%
Interest amount due:        ZAR 3 729 534.03

Interest period:            4 March 2019 to 2 June 2019
Payment date:               3 June 2019
Date Convention:            Modified Following Business Day

Bondholders are advised of the following interest payment due 5 June 2019:

Bond code:                  ABKI02
ISIN:                       ZAG000134552
Fixed coupon rate:          4.000%
Rate for the period:        2.000%
Reference CPI:              110.268
Base CPI:                   74.32049
Applicable formula:         Nominal Amount x CPI Adjustment x (Interest Rate / 2), where:
-                           CPI Adjustment = Reference CPI / Base CPI; and
-                           Ref CPIDate = Ref CPIJ + [t – 1 / D] X (Ref CPIJ+1 – Ref CPIJ),
                            all of the above terms as defined in the applicable pricing
                            supplement
Interest amount due:        ZAR 15 477 774.38
URL:                        https://www.africanbank.co.za/en/home/corporate-info-
                            debt-investor-info, by selecting 2016 under “Funding
                            overview” to access the relevant pricing supplement

Bond code:                  ABK6
ISIN:                       ZAG000134479
Nominal amount:             ZAR 222 400 000.00
Coupon:                     9.650%
Interest period:            5 March 2019 to 4 June 2019
Interest amount due:        ZAR 5 409 499.18

Payment date:               5 June 2019
Date Convention:            Modified Following Business Day


29 May 2019

Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa

Date: 29/05/2019 09:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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