African Bank Limited 62TL Issue of Debt

  African Bank Limited (62TL) - Issue of Debt

RNS Number : 6964Q
African Bank Limited
08 November 2012




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 ITS SECOND TRANCHE OF CHF125 MILLION (SWISS FRANCS) SENIOR
UNSECURED BONDS

African Bank (a wholly-owned subsidiary of ABIL) has issued the second,  fixed 
rate senior unsecured  Swiss bond  of CHF125 million,  equivalent to  ZAR1.164 
billion, with a term of four years. The  bond will be listed on the SIX  Swiss 
Exchange under  African Bank's  existing USD2  billion Euro  Medium Term  Note 
(EMTN) Programme. The bond,  ISIN CH0199541308, due 09  November 2016, has  an 
annual coupon rate of 4.00%. The coupon payment dates for the notes will  fall 
annually on 09 November.



This latest issue  follows shortly after  the inaugural Swiss  Franc issue  in 
July 2012, demonstrating the keen interest  in African Bank credit from  Swiss 
investors after the original Swiss issue  had performed well in the  secondary 
markets.



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

07 November 2012



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



Joint bookrunners and arrangers

CREDIT SUISSE AG and BARCLAYS BANK PLC

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


IODFSUFLAFESEIF -0- Nov/08/2012 15:01 GMT
 
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