By Christine Van Dusen
Atlanta, Nov. 8 - African Bank Ltd. priced CHF 125 million notes due Nov. 9, 2016 at par to yield 4%, according to a company news release.
Credit Suisse and Barclays were the bookrunner for the notes, which were issued as part of the bank's $2 billion euro medium-term note program.
"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," the company said in its release.
African Bank is a Johannesburg-based commercial bank.
| Issuer: | African Bank Ltd.
|
| Amount: | CHF 125 million
|
| Maturity: | Nov. 9, 2016
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse, Barclays
|
| Coupon: | 4%
|
| Price: | Par
|
| Yield: | 4%
|
| Trade date: | Nov. 8
|
| Settlement date: | Nov. 9
|
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