Source - RNS
RNS Number : 9431I
African Bank New
05 September 2016
 

Bond Buyback Announcement

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, OR IN ANY JURISDICTION WHERE IT WOULD BE UNLAWFUL TO MAKE SUCH RELEASE, PUBLICATION OR DISTRIBUTION

 

 

African Bank Limited (the "Bank")

 

Purchase by the Bank of certain of its outstanding notes (together, the "Notes")

 

 

The Bank today announces the purchase of Notes as detailed in the table below.

 

Title

ISIN

Principal Amount Purchased

Percentage Purchased (1)

Principal Amount Outstanding After Repurchase (1) (2)

U.S.$280,000,000 8.125 per cent. Notes due October 2020

XS1390060546

U.S.$76,687,200

27.4%

61.3%

U.S.$280,000,000 6.000 per cent. Notes due February 2020

XS1390059969

U.S.$57,348,800

20.5%

53.0%

U.S.$25,600,000 2.4 per cent. Fixed Rate Notes due November 2018

XS1390060207

0

0%

100.0%

 

 

(1)  Expressed as a percentage of the principal amount outstanding of the Notes at issue.

 

(2)  Excluding any Notes beneficially held by, or behalf of, the Bank or any of its subsidiaries.

 

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale or purchase of securities in any jurisdiction where such sale or purchase is unlawful.

 

5 September 2016

 

 


This information is provided by RNS
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