Obligation African Bank 8.125% ( XS1390060546 ) en USD

African Bank

100 % ▲

Afrique du Sud

XS1390060546 ( en USD )

8.125% par an ( paiement semestriel )

18/10/2020 - Obligation échue

Prospectus brochure de l'obligation African Bank XS1390060546 en USD 8.125%, échue

160 000 USD

280 000 000 USD

L'Obligation émise par African Bank ( Afrique du Sud ) , en USD, avec le code ISIN XS1390060546, paye un coupon de 8.125% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 18/10/2020

FINAL TERMS
Final Terms dated 31 March 2016
K2014176899 (SOUTH AFRICA) LIMITED (to be renamed African Bank Limited on the Issue Date)
Issue of U.S.$280,000,000 8.125 per cent. Notes due October 2020
issued as Series 6
under the U.S.$6,000,000,000
Euro Medium Term Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the terms and conditions of the
Notes (the "Conditions") set out in the Base Prospectus dated 29 March 2016 (the "Base Prospectus")
which constitutes a base prospectus for the purposes of Directive 2003/71/EC (and amendments thereto,
including Directive 2010/73/EU) (the "Prospectus Directive"). This document constitutes the Final Terms
of the Notes described herein for the purposes of Article 5(4) of the Prospectus Directive and must be read in
conjunction with the Base Prospectus. Full information on the Issuer and the offer of the Notes is only
available on the basis of the combination of these Final Terms and the Base Prospectus. In accordance with
Article 14 of the Prospectus Directive, the Base Prospectus is available for viewing at 59 16th Road,
Midrand,
1685,
South
Africa
and
http://www.londonstockexchange.com/exchange/prices-and-
news/news/market-news/market-news-home.html and copies may be obtained from 59 16th Road, Midrand,
1685, South Africa.
1
Issuer:
K2014176899 (SOUTH AFRICA)
LIMITED (to be renamed African
Bank Limited on the Issue Date)
2
(i) Series Number:
6

(ii) Tranche Number:
1

(iii) Date on which the Notes become fungible:
Not Applicable
3
Specified Currency or Currencies:
U.S. Dollars ("U.S.$")
4
Aggregate Nominal Amount:

(i) Series:
U.S.$280,000,000

(ii) Tranche:
U.S.$280,000,000
5
Issue Price:
100 per cent. of the Aggregate Nominal
Amount
6
(i) Specified Denominations:
U.S.$160,000 and integral multiples of
U.S.$100 in excess thereof

(ii) Calculation Amount:
U.S.$100
7
(i) Issue Date:
4 April 2016

(ii) Interest Commencement Date:
4 April 2016
8
Maturity Date:
19 October 2020

1

9
Interest Basis:
8.125 per cent. fixed rate
10
Redemption/Payment Basis:
Subject
to
any
purchase
and
cancellation or early redemption, the
Notes will be redeemed on the
Maturity Date at 100 per cent. of their
nominal amount.
11
Change of Interest Basis:
Not Applicable
12
Put/Call Options:
Not Applicable
13
(i) Status of the Notes:
Senior

(ii) Date approval for issuance of Notes
This issue of Notes has been approved
obtained:
in accordance with the authorities
granted by the board of directors of the
Issuer on 10 December 2015
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14
Fixed Rate Note Provisions:
Applicable

(i) Rate of Interest:
8.125 per cent. per annum payable
semi-annually in arrear

(ii) Interest Payment Date(s):
19 April and 19 October in each year
commencing on 19 April 2016 and
ending on the Maturity Date.
There will be a short first coupon in
respect of the period starting from, and
including, the Interest Commencement
Date to, but excluding, 19 April 2016
(the "Short First Interest Period").

Interest Payment Date Adjustment:
Not Applicable

(iii) Fixed Coupon Amount:
U.S.$4.0625 per Calculation Amount

(iv) Broken Amount(s):
U.S.$0.3385 per Calculation Amount
payable on the Interest Payment Date
falling on 19 April 2016 in respect of
the Short First Interest Period

(v) Day Count Fraction:
30/360

(vi) Determination Dates:
Not Applicable
15
Floating Rate Note Provisions:
Not Applicable
16
Zero Coupon Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
17
Call Option:
Not Applicable
18
Put Option:
Not Applicable
19
Final Redemption Amount of each Note:
U.S.$100 per Calculation Amount
20
Early Redemption Amount:

2

Early Redemption Amount(s) per Calculation
U.S.$100 per Calculation Amount
Amount payable on redemption for taxation
reasons or on event of default or other early
redemption:

GENERAL PROVISIONS APPLICABLE TO THE NOTES
21
Form of Notes:
Registered Notes:

Global Certificate exchangeable for
individual Certificates in the limited
circumstances specified in the Global
Certificate
22
Financial Centre(s):
London,
New
York
City
and
Johannesburg
23
Talons for future Coupons to be attached to
No.
Definitive Notes (and dates on which such
Talons mature):

APPROVAL
The Issuer confirms that the requisite approval has been obtained from the Financial Surveillance
Department of the South African Reserve Bank for this issuance of Notes.
Signed on behalf of the Issuer:

By:
BRIAN RILEY (DIRECTOR)

Duly authorised

By:
GUSTAV RAUBENHEIMER (DIRECTOR)

Duly authorised

3

PART B OTHER INFORMATION
1
Listing and admission to trading

(i) Admission to trading:
Application has been made by the Issuer (or on
its behalf) for the Notes to be admitted to
trading on the London Stock Exchange plc's
regulated market with effect from 4 April 2016

(ii) Estimate of total expenses related to
£3,600
admission to trading:
2
Ratings
The Notes to be issued have been rated:

S&P: B+ prelim
3
Interests of Natural and Legal Persons involved in the Issue/Offer

So far as the Issuer is aware, no person involved in the offer of the Notes has an interest material
to the offer.
4
Fixed Rate Notes only - Yield

Indication of yield:
8.125 per cent.
The yield is calculated as at the Issue Date on
the basis of the Issue Price. It is not an
indication of future yield.
5
Operational Information

ISIN:
XS1390060546

Common Code:
139006054

Any clearing system(s) other than
Not Applicable
Euroclear Bank S.A./N.V., Clearstream
Banking, société anonyme and the
relevant identification number(s):

Delivery:
Delivery free of payment

Names and addresses of initial Paying
Citibank N.A., London Branch
and Transfer Agent(s):
13th Floor
Citigroup Centre
Canary Wharf
London E14 5LB

Names and addresses of additional
Not Applicable
Paying and Transfer Agent(s) (if any):

6
Distribution

(i) Method of distribution
Non-syndicated

(ii) If syndicated:

(A) Name of Managers:
Not Applicable

(B) Stabilising Manager(s) (if any):
Not Applicable

4

(iii) If non-syndicated, name of Dealer:
Not Applicable

(iv) U.S. Selling Restrictions:
Reg S Compliance Category: 2

TEFRA Not Applicable

5