Wrap Text
New Financial Instrument Listing - ASN545 & ASN546
ABSA BANK LIMITED
(Registration number 1986/004794/06)
Bond Code: ASN544
ISIN No: ZAG000173055
Bond Code: ASN544
ISIN No: ZAG000173055
NEW FINANCIAL INSTRUMENTS LISTING
The JSE Limited has granted financial instruments listing to ABSA BANK LIMITED “ASN545 & ASN546 NOTES”
under its ZAR40,000,000,000 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/.
Full Note details are as follows:
Instrument Type: Credit Linked Fixed Rate Note
Bond Code ASN545
Nominal Issued R80,000,000.00
Total Notes in issue R 30,027,985,017.96 (Incl. ASN545)
Issue Price 100%
Coupon Rate 10.6%
Coupon Rate Indicator Fixed
Trade Type Yield
Final Maturity Date 31 January 2037
Last Day to Register By 17:00 on 20 January, 20 July
Books Close Date(s) 21 January, 21 July
Interest Payment Date(s) 31 January, 31 July
Issue Date 09 December 2020
Date Convention Following
Interest Commencement Date 09 December 2020
First Interest Payment Date 31 January 2021
Call / Step Up Date 31 July 2023; 31 Jan 2026; 31 July 2028;
31 Jan 2031; 31 July 2033; 31 Jan 2036
ISIN No. ZAG000173170
Additional Information Unsubordinated Unsecured
Full Note details are as follows:
Instrument Type: Floating Rate Note
Bond Code ASN546
Nominal Issued R200,000,000.00
Total Notes in issue R 30,227,985,017.96 (Incl. ASN546)
Issue Price 100%
Coupon Rate 3 Month JIBAR plus 82bps
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity Date 09 March 2021
Last Day to Register By 17:00 on 26 February 2021
Books Close Date(s) 27 February 2021
Interest Payment Date(s) 09 March 2021
Interest Determination Date(s) 09 December 2020
Issue Date 09 December 2020
Date Convention Following
Interest Commencement Date 09 December 2020
First Interest Payment Date 09 March 2021
ISIN No. ZAG000173055
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 December 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 June 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, authorit y or
agency.”
04 December 2020
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 04-12-2020 01:15:00
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