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ABSA BANK LIMITED - ABCPI1 - Tier 2 Instrument Early Redemption

Release Date: 01/03/2013 07:05
Code(s): ABCPI1     PDF:  
Wrap Text
ABCPI1 - Tier 2 Instrument Early Redemption

ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
(“Absa Bank” or the “Issuer”)
JSE code: ABCPI1
ISIN: ZAG000051541

TIER 2 INSTRUMENT EARLY REDEMPTION

Absa Bank – ABCPI1 Notes (“the Notes”) were issued with a final maturity date of 31 March 2018, however, are
redeemable at the Issuer’s option on 31 March 2013 (“Optional Redemption Date”) in accordance with condition
9.3 (Redemption at the Option of the Issuer) of the Terms and Conditions of the Notes (as read with the
Applicable Pricing Supplement).

In terms of condition 8.3 (“Payment Day”) and condition 16 (“Notices”) of the Terms and Conditions of the Notes,
notice is hereby given to Noteholders that the Issuer has exercised its right to early redeem all of the Notes on
31 March 2013. Payment of the redemption amount, together with applicable interest, will be effected on
Tuesday, 2 April 2013, being the Payment Day immediately following the Optional Redemption Date.

Absa Bank will maintain its strong capital position subsequent to the early redemption of this Note.


                         Nominal Redemption Amount             Amount Outstanding After Redemption


  ABCPI1                 ZAR 1,081,000,000.00                  ZAR 0.00


1 March 2013

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Date: 01/03/2013 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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