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ABJ04 ABJ05 - Listing of Tap Issues
AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
Company code: ABKI
Bond codes: ABJ04 and ABJ05
ISIN: ZAG000184680 And ZAG000184698
(“African Bank” or the “Bank”)
LISTING OF TAP ISSUES
The JSE Limited has granted African Bank the additional listings of its ZAR50,000,000 Senior
Unsecured Floating Rate Notes due 30 March 2025 (ABJ04) and ZAR50,000,000 Senior
Unsecured Floating Rate Notes due 30 March 2027 (ABJ05) under its ZAR25,000,000,000
Domestic Medium Term Note Programme as documented in the Restated Programme
Memorandum dated 13 March 2019 (the “Programme”), effective 15 December 2022.
Debt Security Code: ABJ04
ISIN: ZAG000184680
Type of Debt Security: Floating Rate Notes
Nominal Before Issue: ZAR 230,000,000
Nominal Issued: ZAR 50,000,000
Nominal After Issue: ZAR 280,000,000
Issue Price: 101.928897%
Coupon Rate: 3 month JIBAR plus 259 basis points
Maturity Date: 30 March 2025
Debt Security Code: ABJ05
ISIN: ZAG000184698
Type of Debt Security: Floating Rate Notes
Nominal Before Issue: ZAR 370,000,000
Nominal Issued: ZAR 50,000,000
Nominal After Issue: ZAR 420,000,000
Issue Price: 102.27720%
Coupon Rate: 3 month JIBAR plus 300 basis points
Maturity Date: 30 March 2027
Issue Date: 15 December 2022
Interest Commencement Date: 30 September 2022
Interest Determination Date(s): 30 June, 30 September, 30 December and 30
March in each year up to the Maturity Date; with
the first Interest Rate Determination Date being
30 September 2022
First Interest Payment Date: 30 December 2022
Interest Payment Date(s): 30 June, 30 September, 30 December and 30
March of each year until the Maturity Date
Last Day to Register: By 17h00 on 19 December, 19 March, 19 June
and 19 September of each year until the
Maturity Date
Books Close: 20 December to 29 December, 20 March to 29
March, 20 June to 29 June and 20 September to
29 September (all dates inclusive) of each year
until the Maturity Date
Business Day Convention: Modified Following Business Day
Final Maturity Amount: 100% of the Nominal Amount
Other: The pricing supplements contain additional
terms and conditions to the terms and
conditions as contained in the Programme
Summary of Additional Terms: Please see “Other provisions”, as contained in
line item 62 of the pricing supplements
Programme Amount: ZAR25,000,000,000
Total Notes in Issue Under Programme: As at the Issue Date (but excluding these tap
issuances), the Issuer has issued Notes in the
aggregate total Nominal Amount of
ZAR3 117 000 000 under the Programme
Memorandum dated 22 March 2016 and under
the Programme Memorandum dated 13 March
2019
Dealer: FirstRand Bank Limited, acting through its Rand
Merchant Bank division
14 December 2022
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14-12-2022 11:00:00
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