African Bank

16 Jun 2011

Rating:Baa2/-/-

Amount:$300m

Maturity: 15 June 2016

Issue/fixed re-offer price:99.796

Coupon: 6%

Spread at re-offer:425bp over mid-swaps

Launched:Friday 10 June

Payment date:15 June

Joint books:Credit Suisse, Goldman Sachs, Rand Merchant Bank, Standard Chartered

Bookrunner’s comment:

It was an extremely difficult market last week and particularly on Friday and African Bank ...

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