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ABKS02 - Listing of New Financial Instrument
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
Company code: ABKI
LEI: 2549008X8SL1B1J86F98
Bond code: ABKS02 ISIN: ZAG000202003
("African Bank")
LISTING OF NEW FINANCIAL INSTRUMENT
The JSE Limited has granted African Bank the listings of its R825,000,000 Subordinated Unsecured
Floating Rate Tier 2 Notes (ABKS02) due on 20 March 2034, under its R25,000,000,000 Domestic
Medium Term Note Programme as documented in the Restated Programme Memorandum dated 28
March 2022 ("the Programme"), effective 20 December 2023.
Debt Security Code: ABKS02
ISIN: ZAG000202003
Type of Debt Security: Floating Rate Notes
Nominal Issued: R 825,000,000
Issue Date: 20 December 2023
Issue Price: 100% of the Nominal Amount of each Note
Interest Commencement Date: 20 December 2023
Interest Rate: 3 month JIBAR plus 450 basis points
Interest Determination Date(s): 14 December 2023 and thereafter the first Business
Day of each Interest Period
First Interest Payment Date: 20 March 2024
Interest Payment Date(s): The first Floating Interest Payment Date of 20 March
2024 (the First Floating Interest Payment Date) and
thereafter 20 March, 20 June, 20 September and 20
December in each year up to and including the
Maturity Date/Optional Redemption Date (and the
Maturity Date/Optional Redemption Date) or, if such
day is not a Business Day, the Business Day on which
the interest will be paid, as determined in accordance
with the Applicable Business Day Convention
Last Day to Register: By 17h00 on 9 March, 9 June, 9 September and 9
December, or if such day is not a Business Day, the
Business Day preceding each Books Closed Period, in
each year until the Maturity Date/Optional
Redemption Date, and in respect of the Maturity
Date/Optional Redemption Date from 11 days prior
thereto
Books Close: 10 March, 10 June, 10 September and 10 December of
each year until the Maturity Date/Optional
Redemption date
Business Day Convention: Modified Following Business Day
Maturity Date: 20 March 2034
Optional redemption date: 20 March 2029 (being 5 years and three months
from Issue Date) and every Floating Interest
Payment Date thereafter, subject to the Terms
and Conditions and the applicable Regulatory
Capital Regulations Final Redemption Amount: 100% of the outstanding Nominal Amount (after
taking account of any Write-Off required pursuant to
the Contractual Write-Off Condition)
Other: The pricing supplement contains additional terms and
conditions to the terms and conditions as contained in
the programme
Summary of Additional Terms: Please refer to the provisions regarding
redemption/maturity, the Tier 2 notes and the trigger
event provisions as contained in the pricing
supplement
Programme Amount: R 25 000 000 000.00
Total Notes in Issue Under Programme: As at the Issue Date, the Issuer has issued Notes in the
aggregate total Nominal Amount of R 2 485 000 000.00
under the Programme, excluding this issuance
Dealer: FirstRand Bank Limited, acting through its Rand
Merchant Bank division
18 December 2023
Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 18-12-2023 05:00:00
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