AFRICAN BANK LIMITED - ABJ01 - Listing of New Financial Instrument

ABJ01 - Listing of New Financial Instrument

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
Company code: ABKI
Bond code: ABJ01
ISIN: ZAG000164914
(“African Bank” or “the Bank”)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted African Bank the listing of its ZAR400,000,000 Senior Unsecured
Floating Rate Notes due 3 December 2024 (ABJ01) under its ZAR25,000,000,000 Domestic
Medium Term Note Programme as documented in the Restated Programme Memorandum
dated 13 March 2019 (“the Programme”), effective 3 December 2019.

Debt Security Code:                        ABJ01
ISIN:                                      ZAG000164914
Type of Debt Security:                     Floating Rate Notes
Nominal Issued:                            ZAR400,000,000
Issue Date:                                3 December 2019
Issue Price:                               100%
Coupon Rate:                               3 month JIBAR plus 380 basis points
Interest Commencement Date:                3 December 2019
Interest Determination Date(s):            3 March, 3 June, 3 September and 3 December
                                           of each year until the Maturity Date , with the
                                           first Interest Rate Determination Date being 28
                                           November 2019
First Interest Payment Date:               3 March 2020
Interest Payment Date(s):                  3 March, 3 June, 3 September and 3 December
                                           of each year until the Maturity Date
Last Day to Register:                      By 17h00 on 20 February, 23 May, 23 August and
                                           22 November of each year until the Maturity
                                           Date
Books Close:                               21 February, 24 May, 24 August and 23
                                           November of each year until the Maturity Date
Business Day Convention:                   Modified Following Business Day
Maturity Date:                             3 December 2024
Final Maturity Amount:                     100% of the Nominal Amount
Other:                                     The pricing supplement does not contain
                                           additional terms and conditions or changes to
                                           the terms and conditions as contained in the
                                           Programme
Summary of Additional Terms:               Not Applicable
Programme Amount:                          ZAR25,000,000,000
Total Notes in Issue Under Programme:      As at the Issue Date (but excluding this tranche
                                           of Notes), the Issuer has issued Notes in the
                                           aggregate total Nominal Amount of
                                           ZAR6,248,800,000 under the Programme
                                           Memorandum dated 22 March 2016 and under
                                           the Programme Memorandum dated 13 March
                                           2019
Dealer:                                    FirstRand Bank Limited, acting through its Rand
                                           Merchant Bank division


2 December 2019

Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa

Date: 02-12-2019 09:00:00
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