ABSA BANK LIMITED - ASN006 - Interest Rate Reset

Release Date: 25/11/2016 16:55
Code(s): ASN006
Wrap Text
ASN006 - Interest Rate Reset

(Incorporated with limited liability in South Africa under registration number 1986/004794/06)

Bond Code: ASN006
ISIN Code: ZAG000113556 


Notice is hereby given that the interest rate for the period 29 August 2016 to 27 November 2016,
payable on 28 November 2016 (*Following), will be calculated based on a rate of 8.292% 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 7.358%; 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: 28 November 2016.

25 September 2016

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

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