Full annual report - African Bank - Investoreports

Notes to the group annual financial statements continued
R million Face value
272
Interest
capitalised
17. Bonds and other long term funding continued
17.2 Unsecured listed bonds ( listed on foreign stock exchanges)
ABLSJ15, with an original face value of USD300 million, issued on 15 June 2011,
are redeemable on 15 June 2016. The second tranche, with an original face value
of $50 million, was issued on 2 March 2012. Interest is calculated and payable
semi-annually at a coupon rate of 6,0% USD 2 413 42
ABLSJ16, with an original face value of USD350 million, issued on 24 February 2012,
are redeemable on 24 February 2017. Interest is calculated and payable semiannually
at a coupon rate of 8,125% USD 2 703 20
ABLSJ17, with an original face value of CHF150 million, issued on 24 July 2012, are
redeemable on 24 July 2015. Interest is calculated and payable semi-annually at a
coupon rate of 4,76% CHF 1 253 12
Total 6 369 74
Face
value
Interest
capitalised
17.3 Unsecured long term loans
Promissory notes 11 459 154
Fixed deposits 8 396 150
Total 19 855 304
The promissory notes consists of zero coupons, quarterly coupons and semi-annual coupons, with the rates varying
from 5,68% to 11,8% NACQ, NACS and NACA. These notes have various maturities, ranging from 1 October 2012 to
13 July 2016. Promissory notes with a nominal value of R6 358 million (2011: R4 091 million) are payable within the
next 12 months.
The fixed deposits consists of zero coupons, quarterly coupons, and semi-annual coupons, with interest rates varying
from 5,68% to 13,06% NACQ, NACS and NACA. These fixed deposits have various maturities, ranging from
10 October 2012 to 1 September 2017. Fixed deposits with a nominal value of R5 113 million (2011: R7 217 million)
are payable within the next 12 months.