Full annual report - African Bank - Investoreports

Notes to the group annual financial statements continued
R million Face value
270
2012
Interest
capitalised
17. Bonds and other long term funding continued
17.1 Unsecured listed bonds (listed on JSE) continued
ABL10A bonds with an original face value of R500 million, issued on
15 March 2010, are redeemable on 15 March 2015. Interest is
calculated and payable semi-annually at a coupon rate of 11,50%* 450 2
ABL10B bonds with an original face value of R500 million, issued on
15 March 2010, are redeemable on 15 March 2015. Interest is
calculated and payable quarterly at the three-month JIBAR rate plus
3,15% 500 2
ABLI 03 bonds with an original face value of R750 million, issued on
15 March 2010, are redeemable on 15 March 2015. Interest is
calculated and payable semi-annually at a fixed coupon rate of 5,10%
adjusted by the inflation index 750 118
ABL11A bonds with an original face value of R525 million, issued on
29 September 2010, are redeemable on 29 September 2014. Interest is
calculated and payable semi-annually at a coupon rate of 9,50% 525 25
ABL11B bonds with an original face value of R475 million, issued on
29 September 2010, are redeemable on 29 September 2014. Interest is
calculated and payable quarterly at the three-month JIBAR rate plus
2,50%* 380 8
ABL12B bonds with an original face value of R1 billion, issued on
8 March 2011, are redeemable on 8 March 2015. Interest is calculated
and payable quarterly at the three-month JIBAR rate plus 2,40% 1 000 4
ABL13 bonds with an original face value of R278 million, issued on
11 October 2011, are redeemable on 11 October 2016. Interest is
calculated and payable quarterly at the three-month JIBAR rate plus
2,50% 278 5
ABLI 04 bonds with an original face value of R652 million, issued on
11 October 2011, are redeemable on 11 October 2016. Interest is
calculated and payable semi-annually at a fixed coupon rate of 4,00%
adjusted by the inflation index 652 36
Total 9 209 728
* The current face value is lower than the original face value as a result of early redemptions in the prior year.