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New Financial Instrument Listing - ASN337
ABSA BANK LIMITED
(Registration number 1986/004794/06)
Bond Code: ASN337
ISIN No: ZAG000159567
NEW FINANCIAL INSTRUMENT LISTING
The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED “ASN337 NOTES” under its Master
Structured Note Programme Memorandum.
INSTRUMENT TYPE: FIXED RATE NOTE
Authorised Programme size R40,000,000,000.00
Total Notes in issue R18,578,196,772.06
Full Note details are as follows:
Bond Code ASN337
Nominal Issued R30,000,000.00
Issue Price 107.3273313%
Coupon Rate 2.25
Coupon Rate Indicator Fixed
Trade Type Inflation
Final Maturity Date 31 January 2038
Books Close Date(s) 21 January, 21 July
Interest Payment Date(s) 31 January, 31 July
Last Day to Register By 17:00 on 20 January, 20 July
Issue Date 20 May 2019
Date Convention Following
Interest Commencement Date 31 January 2019
First Interest Payment Date 31 July 2019
Base CPI 77.6280671697477 %
ISIN No. ZAG000159567
Additional Information Unsubordinated Unsecured
Other provisions
Condition 9 titled “Taxation” in the section II-A of the Master Programme Memorandum titled “Terms and
Conditions of the Notes” is amended in relation to this Tranche of Notes by (i) the replacement of the words
after the dash in Condition 9.3 with the words “provided that this exception shall only apply to that portion of
the withholding or deduction which could lawfully have been so reduced”, (ii) the deletion of Condition 9.8 and
(iii) the insertion of the following additional paragraphs immediately after Condition 9.7:
“9.8 where such withholding or deduction is imposed on a payment to an individual and is required to be
made pursuant to European Council Directive 2003/48/EC (or any other directive implementing the
conclusions of the 2312th Economic and Financial Affairs Council (ECOFIN) meeting of 26 and 27
November 2000) on the taxation of savings income or any law implementing or complying with, or
introduced in order to conform to, such directive; or
9.9 held by or on behalf of a Noteholder in circumstances where such party could lawfully reduce the
amount of taxation otherwise levied or leviable upon the principal or interest by virtue of any tax treaty
or non-South African tax laws applicable to such Noteholder, whether by way of a tax credit, rebate
deduction or reduction equal to all or part of the amount withheld or otherwise, and whether or not it is
actually claimed and/or granted and/or allowed; or
9.10 in respect of any present or future taxes, duties, assessments or governmental charges of whatever
nature which are payable otherwise than by withholding from payment of principal or interest, if any,
with respect to such Note; or
9.11 where any combination of the scenarios or occurrences contemplated in Conditions 9.1 to 9.10 above
occurs, the Issuer is not liable for or otherwise obliged to pay any taxes that may arise as a result of
the ownership, transfer or redemption of any Note.
If the Issuer becomes subject generally at any time to any taxing jurisdiction, authority or agency other than or
in addition to South Africa, references in Conditions 8.2 (Redemption for Tax Reasons or due to a Change in
Law) and 9 (Taxation) to South Africa shall be read and construed as references to South Africa and/or to
such other jurisdiction, authority or agency.”
17 May 2019
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 17/05/2019 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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