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: ABJ01      ISIN: ZAG000164914
Bond code: ABK6       ISIN: ZAG000134479
Bond code: ABK8       ISIN: ZAG000134495
Bond code: ABKI02 ISIN: ZAG000134552
(“African Bank”)

INTEREST AND CAPITAL PAYMENT NOTIFICATIONS

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

Bond code:                  ABJ01
ISIN:                       ZAG000164914
Coupon:                     10.308%
Interest amount due:        ZAR 14 289 994.53

Bond code:                  ABK8
ISIN:                       ZAG000134495
Coupon:                     9.148%
Interest amount due:        ZAR 3 523 258.21

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

Noteholders are advised of the following interest and capital payments due 5 June 2020:

Bond code:                  ABK6
ISIN:                       ZAG000134479
Coupon:                     8.992%
Interest period:            5 March 2020 to 4 June 2020
Interest amount due:        ZAR 5 040 644.21
Capital amount due:         ZAR 222 400 000.00

Bond code:                  ABKI02
ISIN:                       ZAG000134552
Fixed coupon rate:          4.000%
Rate for the period:        2.000%
Reference CPI:              115.25333
Base CPI:                   74.32049
Interest amount due:        ZAR 16 177 540.70
Capital amount due:         ZAR 808 877 035.07
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
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

Payment date:             5 June 2020
Date Convention:          Modified Following Business Day


27 May 2020

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

Date: 27-05-2020 11:30:00
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