African Bank corporate info debt investor info

Debt investor information

Credit rating

Standard & Poor’s Rating Services (S&P) have assigned a ‘B+/B’ global scale rating and a ‘zaA-/zaA-2’ national scale rating to African Bank with a stable outlook . The global scale rating also applies to the Bank’s EMTN and all notes issued under that programme which are listed either on the LSE or the SIX. The DMTN and all notes issued under that programme have not been rated.

Funding overview

 African Bank Limited is funded by three main sources

  • Bonds raised under the Bank’s Domestic Medium Term Note Programme (DMTN). The bonds are listed on the Johannesburg Stock Exchange (JSE).
  • Bonds raised under the Bank’s Euro Medium Term Note Programme (EMTN). The majority of these bonds are listed on the London Stock Exchange (LSE) and the Swiss Stock Exchange (SIX).
  • Bilateral deposits raised from South African corporate asset managers on a one on one bilateral basis.

All funding raised by means of the bilateral channel are subject to certain general and product specific standard terms and conditions. These terms and conditions are detailed in this section.

The information referred to above can be accessed below under the respective sub sections for each year.

DMTN
  • 08 Sep 2017
    African Bank Limited DMTN Tender Offer termsheet
  • 08 Sep 2017
    African Bank Limited DMTN Form of Tender Instruction
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 1 fixed rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 2 fixed rate
  • 14 Apr 2016
    African Bank Limited (New) APS - ABK 3 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 4 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 5 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 6 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 7 floating rates
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 8 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 9 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 10 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 11 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK 12 floating rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK101 indexed rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK102 indexed rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK103 indexed rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABK104 indexed rate
  • 04 Apr 2016
    African Bank Limited (New) APS - ABKS1 Tier 2 notes
  • 22 Mar 2016
    African Bank Limited (New) DMTN Programme Memorandum
  • 05 Nov 2018
    African Bank Limited DMTN Programme Memorandum 2016
  • 05 Nov 2018
    Supplement to the DMTN Programme Memorandum 2018
  • 05 Nov 2018
    Business and Risk Information Memorandum to the DMTN Programme
  • 05 Nov 2018
    DMTN Pro Forma Financial information of African Bank Limited and Reporting Accountants report
EMTN
EMTN
  • 05 Apr 2016
    African Bank Limited (New) - Pricing Supplement CHF 84m
  • 05 Apr 2016
    African Bank Limited (New) - Pricing Supplement CHF 100m
  • 05 Apr 2016
    African Bank Limited (New) - Pricing Supplement CHF 120m
  • 05 Apr 2016
    African Bank Limited (New) - Pricing Supplement CHF 140m
  • 05 Apr 2016
    African Bank Limited (New) – Final Terms USD 280m 6.0 per cent
  • 05 Apr 2016
    African Bank Limited (New) – Final Terms USD 280m 8.125 per cent
  • 05 Apr 2016
    African Bank Limited (New) . Final Terms USD 280m 6.0 per cent
  • 05 Apr 2016
    African Bank Limited (New) . Final Terms USD 280m 8.125 per cent
  • 04 Apr 2016
    EMTN Prospectus
Bilateral funding
Bilateral funding
  • 04 Apr 2016
    Product specific terms and conditions (Negotiable instruments)
  • 04 Apr 2016
    Product specific terms and conditions (Corporate deposits)
  • 04 Apr 2016
    General terms and conditions (Corporate instruments)