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New Financial Instrument Listing - ASN310
ABSA BANK LIMITED
(Registration number 1986/004794/06)
Bond Code: ASN310
ISIN No: ZAG000156431
NEW FINANCIAL INSTRUMENT LISTING
The JSE Limited has granted a financial instrument listing to ABSA BANK LIMITED “ASN310 NOTES” under its Master
Structured Note Programme Memorandum.
INSTRUMENT TYPE: CREDIT LINKED FLOATING RATE NOTE
Authorised Programme size R40,000,000,000.00
Total Notes in issue R18,825,875,965.66
Full Note details are as follows:
Bond Code ASN310
Nominal Issued R25,000,000.00
Issue Price 100%
Coupon Rate 10.85% (3 Month JIBAR as at 22 January 2019 of 7.150% plus 370
bps)
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity 20 December 2023
Interest Payment Date(s) 20 March, 20 June, 20 September, 20 December
First Interest Payment Date 20 December 2018
Last Day to Register By 17:00 on 09 March, 09 June, 09 September, 09 December
Books Close 10 March, 10 June, 10 September, 10 December
Interest Commencement Date 22 January 2019
Date Convention Following
Date Issued 22 January 2019
ISIN No. ZAG000156431
Additional Information Unsubordinated and Unsecured Floating Rate Notes
Other provisions
Condition 9 titled “Taxation” in the section II-A of the Master Programme Memorandum titled “Terms and
Conditions of the Notes” is amended in relation to this Tranche of Notes by (i) the replacement of the words
after the dash in Condition 9.3 with the words “provided that this exception shall only apply to that portion of
the withholding or deduction which could lawfully have been so reduced”, (ii) the deletion of Condition 9.8 and
(iii) the insertion of the following additional paragraphs immediately after Condition 9.7:
“9.8 where such withholding or deduction is imposed on a payment to an individual and is required to be
made pursuant to European Council Directive 2003/48/EC (or any other directive implementing the
conclusions of the 2312th Economic and Financial Affairs Council (ECOFIN) meeting of 26 and 27
November 2000) on the taxation of savings income or any law implementing or complying with, or
introduced in order to conform to, such directive; or
9.9 held by or on behalf of a Noteholder in circumstances where such party could lawfully reduce the
amount of taxation otherwise levied or leviable upon the principal or interest by virtue of any tax treaty
or non-South African tax laws applicable to such Noteholder, whether by way of a tax credit, rebate
deduction or reduction equal to all or part of the amount withheld or otherwise, and whether or not it is
actually claimed and/or granted and/or allowed; or
9.10 in respect of any present or future taxes, duties, assessments or governmental charges of whatever
nature which are payable otherwise than by withholding from payment of principal or interest, if any,
with respect to such Note; or
9.11 where any combination of the scenarios or occurrences contemplated in Conditions 9.1 to 9.10 above
occurs.
The Issuer is not liable for or otherwise obliged to pay any taxes that may arise as a result of the ownership,
transfer or redemption of any Note.
If the Issuer becomes subject generally at any time to any taxing jurisdiction, authority or agency other than or
in addition to South Africa, references in Conditions 8.2 (Redemption for Tax Reasons or due to a Change in
Law) and 9 (Taxation) to South Africa shall be read and construed as references to South Africa and/or to
such other jurisdiction, authority or agency.”
Inward Listing. The Notes will be inward listed securities listed on the Financial Exchange in terms of the
authority granted by the Financial Surveillance Department of the South African Reserve Bank.
22 January 2019
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
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