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ABKS04 - 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
LEI: 2549008X8SL1B1J86F98
Bond code: ABKS04 ISIN: ZAG000209339
("African Bank")
LISTING OF NEW FINANCIAL INSTRUMENT
The JSE Limited has granted African Bank the listings of its R342 000 000 Subordinated
Unsecured Floating Rate Tier 2 Notes (ABKS04) due on 30 September 2034, under its
R25,000,000,000 Domestic Medium Term Note Programme as documented in the Restated
Programme Memorandum dated 28 March 2022 (the "Programme"), effective 30 September
2024.
Debt Security Code: ABKS04
ISIN: ZAG000209339
Type of Debt Security: Floating Rate Notes
Nominal Issued: R 342 000 000
Issue Date: 30 September 2024
Issue Price: 100% of the Nominal Amount of each Note
Interest Commencement Date: 30 September 2024
Interest Rate: 3 month JIBAR plus 450 basis points
Interest Determination Date(s): 25 September 2024 and thereafter the first
Business Day of each Interest Period
First Interest Payment Date: 30 December 2024
Interest Payment Date(s): The first Floating Interest Payment Date of 30
December 2024 (the First Floating Interest
Payment Date) and thereafter 30 March, 30
June, 30 September and 30 December in each
year up to and including the Maturity
Date/Optional Redemption Date (and the
Maturity Date/Optional Redemption Date) or, if
such day is not a Business Day, the Business Day
on which the interest will be paid, as
determined in accordance with the Applicable
Business Day Convention
Last Day to Register: By 17h00 on 24 March, 24 June, 24 September
and 24 December, or if such day is not a
Business Day, the Business Day preceding each
Books Closed Period, in each year until the
Maturity Date/Optional Redemption Date, and
in respect of the Maturity Date/Optional
Redemption Date from 11 days prior thereto
Books Close: 25 March to 29 March, from 25 June to 29 June,
from 25 September to 29 September of each
year until the Maturity Date/Optional
Redemption date
Business Day Convention: Modified Following Business Day
Maturity Date: 30 September 2034
Optional redemption date: 30 September 2029 (being 5 years from Issue
Date) and every Floating Interest Payment Date
thereafter, subject to the Terms and Conditions
and the applicable Regulatory Capital
Regulations
Other: The pricing supplement contains additional
terms and conditions to the terms and
conditions as contained in the programme
Summary of Additional Terms: Please refer to the provisions regarding
redemption/maturity, the Tier 2 notes and the
trigger event provisions as contained in the
pricing supplement
Programme Amount: R 25 000 000 000.00
Total Notes in Issue Under Programme: As at the Issue Date (but excluding any further
tap issuances or buy-backs of the Notes as at the
Issue Date), the Issuer has issued Notes in the
aggregate total Nominal Amount of R 2 117 000
000 under the Programme
Dealer: FirstRand Bank Limited, acting through its Rand
Merchant Bank division
27 September 2024
Debt sponsor
The Standard Bank of South Africa Limited
Date: 27-09-2024 10:07:00
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