New Financial Instruments: Auction Results - BILB The Land and Agricultural Development Bank of South Africa (JSE Code: BILB) (“the Land Bank”) New Financial Instruments: Auction Results The Land Bank is pleased to announce that a successful bond auction was concluded on 20 March 2019. During the auction, the Bank raised R1.0bn. The salient features of the auction are the following: - nineteen investors participated; - total bids received amounted to R3.384bn (bid distribution skewed towards the longer end); and - 93.4% bids were within pricing guidance. A total of R1.0bn was raised at the following clearing levels: - 5 year FRN R0.450bn @ 3m JIBAR + 185bps (Previous issuance at 194bps) - 7 year FRN (TAP) R0.250bn @ 3m JIBAR + 207bps (Previous issuance at 220bps) - 10 year FIXED (TAP) R0.300bn @ R2030 + 145bps (Previous issuance at R2030 + 180bps) All notes are expected to list on the JSE on or about  March 2019. The continued broad-based investor support that the Bank enjoys as a State-owned Entity on an unguaranteed basis is pleasing to note. 22 March 2019 Enquiries Land and Agricultural Development Bank of South Africa Konehali Gugushe, Acting Chief Financial Officer Rebecca Phalatse, General Manager: Marketing and Communications – Tel: 012 686 0921 Debt Sponsor The Standard Bank of South Africa Limited Date: 22/03/2019 02:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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