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New Financial Instrument Listing - ASN469, ASN470, ASN473 and ASN474
ABSA BANK LIMITED
(Registration number 1986/004794/06)
Bond Code: ASN469
ISIN No: ZAG000169764
Bond Code: ASN470
ISIN No: ZAG000169772
Bond Code: ASN473
ISIN No: ZAG000169855
Bond Code: ASN474
ISIN No: ZAG000169871
NEW FINANCIAL INSTRUMENTS LISTING
The JSE Limited has granted financial instruments listing to ABSA BANK LIMITED’s “ASN469; ASN470; ASN473 and
ASN474 notes” under its Master Structured Note Programme Memorandum.
INSTRUMENT TYPE: FIXED RATE NOTE
Authorised Programme size R40,000,000,000.00
Full Note details are as follows:
Bond Code ASN469
Nominal Issued R60,000,000.00
Total Notes in issue R24,093,087,887.96 (Incl. ASN469)
Issue Price 100%
Coupon Rate 9.395%
Coupon Rate Indicator Fixed
Trade Type Price
Final Maturity Date 31 January 2030
Books Close Date(s) 21 January, 21 July
Interest Payment Date(s) 31 January, 31 July
Last Day to Register By 17:00 on 20 January, 20 July
Issue Date 29 July 2020
Date Convention Following
Interest Commencement Date 29 July 2020
First Interest Payment Date 31 January 2021
Call / Step Up Date 31 January 2022; 31 January 2024; 31 January 2026;
31 January 2028
ISIN No. ZAG000169764
Additional Information Unsubordinated Unsecured
Full Note details are as follows:
Bond Code ASN470
Nominal Issued R 60,000,000.00
Total Notes in issue R24,153,087,887.96 (Incl. ASN470)
Issue Price 100%
Coupon 10.905%
Coupon Rate Indicator Fixed
Trade Type Price
Final Maturity Date 28 February 2035
Books Close Date(s) 18 February, 21 August
Interest Payment Date(s) 28 February, 31 August
Last Day to Register By 17:00 on 17 February, 20 August
Issue Date 29 July 2020
Date Convention Following
Interest Commencement Date 29 July 2020
First Interest Payment Date 31 August 2020
Call / Step Up Date 31 August 2024; 28 February; 31 August 2031
ISIN No. ZAG000169772
Additional Information Unsubordinated Unsecured
Full Note details are as follows:
Bond Code ASN473
Nominal Issued R60,000,000.00
Total Notes in issue R24,313,087,887.96 (Incl. ASN473)
Issue Price 100%
Coupon Rate 9.965%
Coupon Rate Indicator Fixed
Trade Type Price
Final Maturity Date 31 March 2032
Books Close Date(s) 21 March, 20 September
Interest Payment Date(s) 31 March, 30 September
Last Day to Register By 17:00 on 20 March, 19 September
Issue Date 29 July 2020
Date Convention Following
Interest Commencement Date 29 July 2020
First Interest Payment Date 30 September 2020
Call / Step Up Date 31 March 2024; 31 March 2028
ISIN No. ZAG000169855
Additional Information Unsubordinated Unsecured
Full Note details are as follows:
Bond Code ASN474
Nominal Issued R 60,000,000.00
Total Notes in issue R 23,373,087,887.96 (Incl. ASN474)
Issue Price 100%
Coupon 9.905%
Coupon Rate Indicator Fixed
Trade Type Price
Final Maturity Date 28 February 2031
Books Close Date(s) 18 February, 21 August
Interest Payment Date(s) 28 February, 31 August
Last Day to Register By 17:00 on 17 February, 20 August
Issue Date 29 July 2020
Date Convention Following
Interest Commencement Date 29 July 2020
First Interest Payment Date 31 August 2020
Call / Step Up Date 28 February 2023; 28 February 2027
ISIN No. ZAG000169871
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 re duced”, (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 co mplying 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 vi rtue 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.”
27 July 2020
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 27-07-2020 04:59:00
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