TIDM31HB

RNS Number : 9431I

African Bank New

05 September 2016

Bond Buyback Announcement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, OR IN ANY JURISDICTION WHERE IT WOULD BE UNLAWFUL TO MAKE SUCH RELEASE, PUBLICATION OR DISTRIBUTION

African Bank Limited (the "Bank")

Purchase by the Bank of certain of its outstanding notes (together, the "Notes")

The Bank today announces the purchase of Notes as detailed in the table below.

 
 Title               ISIN            Principal         Percentage   Principal 
                                      Amount            Purchased    Amount 
                                      Purchased         (1)          Outstanding 
                                                                     After Repurchase 
                                                                     (1) (2) 
------------------  --------------  ----------------  -----------  ------------------ 
 U.S.$280,000,000 
  8.125 per 
  cent. Notes 
  due October 
  2020               XS1390060546    U.S.$76,687,200        27.4%               61.3% 
------------------  --------------  ----------------  -----------  ------------------ 
 U.S.$280,000,000 
  6.000 per 
  cent. Notes 
  due February 
  2020               XS1390059969    U.S.$57,348,800        20.5%               53.0% 
------------------  --------------  ----------------  -----------  ------------------ 
 U.S.$25,600,000 
  2.4 per 
  cent. Fixed 
  Rate Notes 
  due November 
  2018               XS1390060207                  0           0%              100.0% 
------------------  --------------  ----------------  -----------  ------------------

(1) Expressed as a percentage of the principal amount outstanding of the Notes at issue.

(2) Excluding any Notes beneficially held by, or behalf of, the Bank or any of its subsidiaries.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale or purchase of securities in any jurisdiction where such sale or purchase is unlawful.

5 September 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 05, 2016 06:00 ET (10:00 GMT)

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