African Bank

Rating: Baa3/-/-

Amount: Sfr165m

Maturity: August 28, 2018

Issue price: 100.00

Fixed reoffer price: 100.00

Coupon: 5%

Spread at reoffer: mid-swaps plus 459.9bp

Launched: Monday February 10

Payment date: February 28

Joint books: Credit Suisse, UBS

Bookrunners’ comment:

We offered guidance at a yield range of 4.875%-5.125% on Monday morning for a minimum Sfr100m deal and were able to ...