Tuesday, June 12, 2007

S.Africa's Absa raises $3.85 mln in pref placement

(Reuters) - South Africa's Absa Bank, a unit of Absa Group Ltd, raised 27.9 million rand by placing 31,223 preference shares at a price of 894.19 rand a share, the bank said on Tuesday.

The preference shares have an effective dividend rate of 72.25 percent of prime, it said in a statement.


Read more at Reuters Africa

No comments: