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AFRICAN BANK LIMITED - ABKI - Interest Payment Notifications

Release Date: 27/02/2020 10:15
Code(s): ABJ01 ABKI04 ABK8 ABK6     PDF:  
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ABKI - Interest Payment Notifications

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2014/176899/06)
Company code: ABKI
Bond code: ABJ01      ISIN: ZAG000164914
Bond code: ABK6       ISIN: ZAG000134479
Bond code: ABK8       ISIN: ZAG000134495
Bond code: ABKI04 ISIN: ZAG000134578
(“African Bank”)

INTEREST PAYMENT NOTIFICATIONS

Noteholders are advised of the following interest payments due 3 March 2020:

Bond code:                  ABJ01
ISIN:                       ZAG000164914
Coupon:                     10.608%
Interest amount due:        ZAR 14 546 038.36

Bond code:                  ABK8
ISIN:                       ZAG000134495
Coupon:                     9.448%
Interest amount due:        ZAR 3 599 247.96

Interest period:            3 December 2019 to 2 March 2020
Payment date:               3 March 2020
Date Convention:            Modified Following Business Day

Noteholders are advised of the following interest payment due 5 March 2020:

Bond code:                  ABK6
ISIN:                       ZAG000134479
Coupon:                     9.300%
Interest period:            5 December 2019 to 4 March 2020
Interest amount due:        ZAR 5 156 633.42
Payment date:               5 March 2020
Date Convention:            Modified Following Business Day

Noteholders are advised of the following interest payment due 13 March 2020:

Bond code:                  ABKI04
ISIN:                       ZAG000134578
Fixed coupon rate:          5.750%
Rate for the period:        2.875%
Reference CPI:              113.61613
Base CPI:                  82.38352
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 19 031 750.45
Payment date:              13 March 2020
Date Convention:           Modified Following Business Day
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




27 February 2020

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: 27-02-2020 10:15:00
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