To view the PDF file, sign up for a MySharenet subscription.

ABSA BANK LIMITED - ASN025-Interest Rate Reset

Release Date: 13/08/2014 12:20
Code(s): ASN025     PDF:  
Wrap Text
ASN025-Interest Rate Reset

ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Code: ASN025
ISIN Code : ZAG000117763

INTEREST RATE RESET

Notice is hereby given that the 3 month London Interbank Offered Rate (“LIBOR”) as at 7 August 2014 is
0.2371% p.a.

Accordingly, the next interest payment, payable on 7 November 2014 (*Following), for the period
7 August 2014 to 6 November 2014, will be calculated based on a rate of 5.2371% p.a. (500 bps over
LIBOR).

Repayment of the Nominal Amount on each Note will be determined and calculated in USD, but for
settlement, purposes only, will be converted into ZAR on the Interest Payment Dates. Each Note is thus a
USD obligation which for settlement and JSE purposes is converted to ZAR on the basis that this is
merely a settlement mechanism. Calculations will be made in USD. The coupon amount is based on a
nominal of USD 4,500,000.00.

* When the Interest Payment Date falls on a non business day, such Interest Payment Date shall be
postponed to the next business day.

Next reset: 7 November 2014.

13 August 2014

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

Date: 13/08/2014 12:20:00 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.

Share This Story