AFRICAN BANK LIMITED - ABX01 - Listing of Tap Issue

ABX01 - 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: ABX01
ISIN: ZAG000160870
(“African Bank” or “the Bank”)

LISTING OF TAP ISSUE

The JSE Limited has granted African Bank the additional listing of its ZAR115,000,000 Senior
Unsecured Fixed Rate Notes due 10 July 2024 (ABX01) 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 29 November 2019.


Debt Security Code:                         ABX01
ISIN:                                       ZAG000160870
Type of Debt Security:                      Fixed Rate Notes
Nominal Before Issue:                       ZAR 120,000,000
Nominal Issued:                             ZAR 115,000,000
Nominal After Issue:                        ZAR 235,000,000
Issue Date:                                 29 November 2019
Issue Price:                                102.71388%
Interest Rate:                              10.93%
Interest Commencement Date:                 10 July 2019
First Interest Payment Date:                10 January 2020
Interest Payment Date(s):                   10 January and 10 July of each year up to and
                                            including the Maturity Date
Last Day to Register:                       By 17h00 on 30 December, 29 June of each year
                                            until the Maturity Date
Books Close:                                31 December and 30 June of each year until the
                                            Maturity Date
Business Day Convention:                    Modified Following Business Day
Maturity Date:                              10 July 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:                           ZAR 25 000 000 000.00
Total Notes in Issue Under Programme:       As at the Issue Date (but excluding the Notes
                                            issued    under     this  Applicable     Pricing
                                            Supplement), the Issuer has issued Notes in the
                                            aggregate     total    Nominal    Amount      of
                                            ZAR6 133 800 000 under the Programme
                                            Memoranda dated 22 March 2016 and 13 March
                                            2019.
Dealer:                                     FirstRand Bank Limited, acting through its Rand
                                            Merchant Bank division


28 November 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: 28-11-2019 01:00:00
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.