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African Bank Investments Ltd's African Bank Issues CHF105 Million (Swiss Francs) Senior Unsecured Bonds


Tuesday, 1 Oct 2013 04:35am EDT 

African Bank Investments Ltd announced that African Bank (a wholly-owned subsidiary of ABIL) has successfully issued a third fixed rate senior unsecured Swiss bond of CHF105 million, equivalent to ZAR1.155 billion. The senior unsecured bond (ISIN CH0224486578) will be listed on the SIX Swiss Exchange under African Bank’s existing USD2 billion Euro Medium Term (EMTN) Note Programme and is designated for general funding purposes. The bond is due to mature on October 11, 2017 and will pay an annual coupon on the October 11 of 5.5%.