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NEWUSD - Absa Bank Limited - Newwave USD Exchange Traded Notes

Release Date: 05/03/2012 12:21
Code(s): JSE
Wrap Text

NEWUSD - Absa Bank Limited - Newwave USD Exchange Traded Notes Absa Bank Limited Share code: NEWUSD ISIN: ZAE000162608 RESULTS OF INITIAL OFFER FOR NEWWAVE USD EXCHANGE TRADED NOTES ("USD Notes" or the "ETNs") Further to the announcement published on SENS on 20 February 2012, applications totalling ZAR 2 513 910.00 were received. The Initial Issue Price of a USD Note is ZAR 7.50, determined as the Rand Equivalent of the Initial Offer Price per USD Note, calculated on 2 March 2012 using a ZAR/USD exchange rate of 7.50/1. Accordingly, 335 188 USD Notes have been approved for listing by the JSE Limited ("JSE") on the main board in the JSE`s ETN sub-sector, with effect from Monday, 12 March 2012. The conditions to issue have been waived by the Issuer. Johannesburg 5 March 2012 Originator, issuer agent, corporate advisor and sponsor Absa Capital (the investment banking division of Absa Bank Limited, affiliated with Barclays Capital) Legal and tax advisors Edward Nathan Sonnenbergs Inc. Date: 05/03/2012 12:21:40 Supplied by www.sharenet.co.za 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.

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