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
African Bank Limited 62TL Issue of Debt
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