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ABSA BANK LIMITED - ASN006 - Interest Rate Reset

Release Date: 03/03/2016 16:36
Code(s): ASN006
Wrap Text
ABSA BANK LIMITED

(Incorporated with limited liability in South Africa under registration number 1986/004794/06) Bond Code: ASN006 ISIN Code: ZAG000113556 INTEREST RATE RESET
Notice is hereby given that the interest rate for the period 29 February 2016 to 29 May 2016, payable on 30 May 2016 (*Following), will be calculated based on a rate of 8.65% p.a. (I=SD*(FIX-FIR)*DCF), where - 'I' means the relevant Interest Amount per Note; 'SD' means the Specified Denomination per note; 'FIX' means 15.65%;
'FIR' means the Floating Interest Rate, being the Reference Rate of 7.00%; and 'DFC' means the Day Count Fraction being Act/365 (Fixed), as set out in the Applicable Pricing Supplement.
* 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 date: 29 February 2016. 3 March 2016 Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 03/03/2016 04:36:00 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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