AFRICAN BANK LIMITED - ABJ01 - Listing of Tap Issue

ABJ01 - Listing of Tap Issue

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 TAP ISSUE

The JSE Limited has granted African Bank the additional listing of its ZAR75,000,000 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 10 December 2019.

Debt Security Code:                        ABJ01
ISIN:                                      ZAG000164914
Type of Debt Security:                     Floating Rate Notes
Nominal Before Issue:                      ZAR 400,000,000
Nominal Issued:                            ZAR 75,000,000
Nominal After Issue:                       ZAR 475,000,000
Issue Date:                                10 December 2019
Issue Price:                               100.203441%
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
                                          ZAR6,648,800,000 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


9 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: 09-12-2019 04:00:00
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