StockMarketWire.com - African Bank Investments' subsidiary African Bank has issued a $350m five-year fixed rate senior unsecured bond, with a final redemption date of 24 February 2017.
The bond was issued at a credit spread of 693 basis points above the prevailing five-year US dollar midswaps rate.
African Bank has executed a US dollar/ZAR cross currency hedge, swapping all future US dollar exposure into fixed ZAR exposure.
At 2:45pm: (LON:AFCR) share price was +0.38p at 4.13p
Story provided by StockMarketWire.com
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