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ABSA BANK LIMITED - New Financial Instrument Listing - ASC142

Release Date: 10/07/2024 14:00
Code(s): ASC142     PDF:  
Wrap Text
New Financial Instrument Listing - ASC142

 ABSA BANK LIMITED
(Incorporated with limited liability on 26 November 1986 under registration number 1986/004794/06 in the Republic of
South Africa)
Bond Code: ASC142
ISIN No: ZAG000206855


NEW FINANCIAL INSTRUMENT LISTING

The JSE Limited has granted financial instrument listing to the ABSA BANK LIMITED "ASC142" note under its Master
Structured Note Programme Memorandum. The Master Structured Note Programme is available on the issuer's website
at https://www.absa.africa/absaafrica/investor-relations/debt-investors/

Authorised Programme size                            R80,000,000,000.00
Total Notes in issue                                 R55,314,818,821.09 (Including this tranche)

Full Note details are as follows:

Instrument Type                                      Mixed Rate Note
Bond Code                                            ASC142
Nominal Issued                                       ZAR100,000,000.00
Issue Price                                          100%
Coupon                                               3 Month JIBAR plus 325 basis points (or 3.25%) from and including
                                                     Interest Commencement Date up to 31 July 2029, thereafter
                                                     11.70% per annum from and including 31 July 2029 up to the
                                                     Maturity Date
Coupon Rate Indicator                                Floating
Trade Type                                           Price
Maturity Date                                        31 January 2040
Last Day to Register                                 by 17:00 on 20 January, 19 April, 20 July, and 20 October,
                                                     thereafter, each of 20 January, and 20 July
Books Closed Period                                  21 January, 20 April, 21 July, and 21 October, thereafter, each of
                                                     21 January and 21 July
Interest Payment Dates                               Each of 31 January, 30 April, 31 July, and 31 October with the first
                                                     Floating Interest Payment Date being 31 July 2024 and ending on
                                                     31 July 2029, and thereafter semi-annually on the Fixed Interest
                                                     Payment Dates of 31 January and 31 July of each calendar year
                                                     commencing on 31 January 2030 and ending on the Maturity Date.
Interest Rate Determination Dates                    Each of 31 January, 30 April, 31 July and 31 October in each
                                                     calendar year, commencing on the Interest Commencement Date
                                                     and ending on 30 April 2029.
Optional Call Redemption Dates                       31 July 2029, 31 July 2030, 31 July 2031, 31 July 2032, 31 July
                                                     2033, 31 July 2034, 31 July 2035, 31 July 2036, 31 July 2037, 31
                                                     July 2038 and 31 July 2039
Interest Commencement Date                           Issue Date
Issue Date                                           12 July 2024
Date Convention                                      Following
ISIN No.                                             ZAG000206855
Additional Information                               Unsubordinated Unsecured


10 July 2024
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 10-07-2024 02:00:00
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