Wrap Text
New Financial Instrument Listing - ASN460 & ASN461
ABSA BANK LIMITED
(Registration number 1986/004794/06)
Bond Code: ASN460
ISIN No: ZAG000169616
Bond Code: ASN461
ISIN No: ZAG000169624
NEW FINANCIAL INSTRUMENTS LISTING
The JSE Limited has granted financial instruments listing to ABSA BANK LIMITED “ASN460 and ASN461 NOTES”
under its Master Structured Note Programme Memorandum. Copies of the Master Structured Note Programme are
available on the issuer’s website at https://www.absa.africa/absaafrica/investor-relations/debt-investors/.
INSTRUMENT TYPE: CREDIT-LINKED FLOATING RATE NOTES
Authorised Programme size R40,000,000,000.00
Total Notes in issue R23,811,521,887.96 (including this issue)
Full Note details are as follows:
Bond Code ASN460
Nominal Issued R50,000,000.00
Issue Price 100%
Coupon Rate 5.25% (3 Month JIBAR as at 16 Jul 2020 of 3.850% plus 140 bps)
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity Date 17 July 2023
Last Day to Register By 17:00 on 5 January, 5 April, 5 July, 5 October
Books Close Date(s) 6 January, 6 April, 6 July, 6 October
Interest Payment Date(s) 16 January, 16 April, 16 July, 16 October
Interest Determination Date(s) 16 January, 16 April, 16 July, 16 October of each year
commencing on the Interest Commencement Date
Issue Date 16 July 2020
Date Convention Following
Interest Commencement Date 16 July 2020
First Interest Payment Date 16 October 2020
ISIN No. ZAG000169616
Additional Information Unsubordinated Unsecured
Full Note details are as follows:
Bond Code ASN461
Nominal Issued R50,000,000.00
Issue Price 100%
Coupon Rate 5.3 % (3 Month JIBAR as at 16 Jul 2020 of 3.850% plus 145 bps)
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity Date 16 April 2025
Last Day to Register By 17:00 on 5 January, 5 April, 5 July, 5 October
Books Close Date(s) 6 January, 6 April, 6 July, 6 October
Interest Payment Date(s) 16 January, 16 April, 16 July, 16 October
Interest Determination Date(s) 16 January, 16 April, 16 July, 16 October of each year
commencing on the Interest Commencement Date
Issue Date 16 July 2020
Date Convention Following
Interest Commencement Date 16 July 2020
First Interest Payment Date 16 October 2020
ISIN No. ZAG000169624
Additional Information Unsubordinated Unsecured
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
236th 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
9.6 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.”
16 July 2020
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 16-07-2020 02:40:00
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