ABSA BANK LIMITED - Tap Issue - ASC004

Tap Issue - ASC004

ABSA BANK LIMITED
(Registration number 1986/004794/06)
Bond Code: ASC004
ISIN No: ZAG000195041

LISTING OF TAP ISSUE

The JSE Limited has granted a tap issuance to the ABSA BANK LIMITED “ASC004” note under its Master Structured
Note Programme Memorandum.

Authorised Programme size                         R60,000,000,000.00

Total Notes in issue                              R56,485,008,037.54 (Including this tranche)

Full Note details are as follows:

Instrument Type                                   Mixed Rate Note
Bond Code                                         ASC004
Tap Amount                                        R5,400,000.00
Total amount following Tap Issue                  R21,400,000.00
Issue Price                                       101.2607657%
Coupon                                            3 Month JIBAR plus 300 basis points (or 3.00%) from and
                                                  including Interest Commencement Date up to, but excluding,
                                                  28 February 2028, with first interest payment date being 31 May
                                                  2023 and thereafter each of 28 February, 31 May, 31 August and
                                                  30 November in each calendar year,
                                                  and 10.40% per annum payable semi-annually on each
                                                  28 February and 31 August from and including 31 August 2028 to,
                                                  but excluding, the Maturity Date
Indicator                                         Floating
Trade Type                                        Price
Final Maturity Date                               28 February 2035
Last Day to Register                              By 17:00 on of 17 February, 20 May, 20 August and 19 November
                                                  of each calendar year until 28 February 2028, thereafter, each of
                                                  17 February and 20 August of each calendar year.
Books Close Date                                  18 February, 21 May, 21 August and 20 November of each
                                                  calendar year until 28 February 2028, thereafter, each of
                                                  18 February and 21 August of each calendar year.

Interest Determination Date(s)                    24 March 2023, thereafter each of 28 February, 31 May,
                                                  31 August and 30 November in each calendar year, commencing
                                                  on the Interest Commencement Date and ending on 30 November
                                                  2027
Issue Date                                        12 May 2023
First Interest Commencement Date                  12 May 2023
First Interest Payment Date                       31 May 2023
Date Convention                                   Following
Optional Redemption Date(s)                       29 April 2024, 28 May 2025, 28 June 2026, 28 July 2027,
                                                  28 August 2028, 28 September 2029, 28 October 2030 , 28
                                                  November 2031 , 28 December 2032, 30 January 2034, and
                                                  28 February 2035
ISIN No.                                          ZAG000195041
Additional Information                            Unsubordinated Unsecured



11 May 2023

Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 11-05-2023 05:14:00
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