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Published on 7/23/2012 in the Prospect News Emerging Markets Daily.

New Issue: African Bank issues CHF 150 million 4¾% three-year Swiss bonds

By Aleesia Forni

Columbus, Ohio, July 23 - African Bank Ltd. priced CHF 150 million 4¾% three-year fixed-rate senior unsecured Swiss bonds, according to a company news release.

The bonds were issued under the bank's $2 billion euro medium-term note program.

African Bank is a Johannesburg-based commercial bank.

Issuer:African Bank Ltd.
Issue:Senior unsecured Swiss bonds
Amount:CHF 150 million
Maturity:July 24, 2015
Bookrunners:Credit Suisse AG, Barclays Bank plc
Coupon:4¾%
Trade date:July 23

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