South Africas Investec Bank Limited issues USD 207.6mn of medium-term notes.

By bne IntelliNews March 20, 2013
South Africas Investec Bank Limited made two senior unsecured bond issues with a combined nominal of ZAR 1.91bn (USD 207.6mn), JSE said. The issues were made under Investec Bank Limiteds domestic medium term note programme dated Feb 12, 2003. JSE granted listing to both issues. One of them has a final maturity date of Jun 15, 2017 and the issued nominal is ZAR 1.131bn. The final maturity date of the other issue is Mar 19, 2016 and the issued nominal is ZAR 779mn. The coupons of both issues are floating and are based on the three-month JIBAR, plus 150 and 100 basis points, respectively. The issue prices were 101.36671% and 100%, respectively. Investec Bank Limited is a specialist bank and asset manager serving a niche client base. The groups three principal markets are the UK, South Africa and Australia.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss