Wrap Text
LISTING OF TAP ISSUE
ABSA BANK LIMITED
(Registration number 1986/004794/06)
Bond Code: ASN580
ISIN No: ZAG000174533
LISTING OF TAP ISSUE
The JSE Limited has granted a further tap issue to ABSA BANK LIMITED “ASN580 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 R36,713,186,741.98
Full Note details are as follows:
Bond Code ASN580
Tap Amount R40,000,000.00
Total amount following Tap Issue R195,000,000.00
Issue Price 99.921270000%
Coupon Rate 3 Month JIBAR as at 15 June 2021 plus 185 bps
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity 13 February 2023
Interest Payment Date(s) 15 March, 15 June, 15 September, 15 December
Interest Rate Determination Date(s) 154 March, 15 June, 15 September, 15 December
First Interest Determination Date 15 June 2021
First Interest Payment Date 15 September 2021
Last Day to Register By 17:00 on 04 March, 04 June, 04 September, 04 December
Books Close 05 March, 05 June, 05 September, 05 December
Interest Commencement Date 15 June 2021
Date Convention Following
Date Issued 15 June 2021
ISIN No. ZAG000174533
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.
14 June 2021
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 14-06-2021 04:44:00
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