ABSA BANK LIMITED - ASN036 - Interest Rate Reset

ASN036 - Interest Rate Reset

ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Code: ASN036
ISIN Code : ZAG000121286

INTEREST RATE RESET

Notice is hereby given that the 3 month JIBAR rate as at 10 February 2015 is 6.1 % p.a. (“JIBAR”).


Accordingly, the next interest payment, payable on 11 May 2015 (**Following), for the period
                                                                                                   #
10 February 2015 to 10 May 2015, will be calculated based on a rate of 8.1% p.a. ([I = SD*FIR*DCF]) ,
i.e.200bps over JIBAR.


** When the Interest Payment Date falls on a non business day, such Interest Payment Date shall be
postponed to the next business day.
#
  where -
“I” means the relevant Interest Amount per Note;
“SD” means the Specified Denomination per note;
 “FIR” means the Floating Interest Rate, as FIR= min(RR+MG,MIR); where
       “min” means “the minimum of” or “the lesser of”;
       “RR” means the Reference Rate, being the 3 month JIBAR rate;
       “MG” means Margin of 200 basis points; and
       “MIR” means the Maximum Interest Rate;
“DCF” means the Day Count Fraction being Act/365; and
* means “multiplied by”,
as set out in the Applicable Pricing Supplement.

Next reset date: 11 May 2015


20 February 2015

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Date: 20/02/2015 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.