Absa Bank Limited: New Financial Instrument Listing

The JSE Limited has granted financial instrument listing to the ABSA BANK LIMITED ASC190note 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                                                     R61,882,696,931.76 (Including this tranche)
 

Full Note details are as follows:

 
Instrument Type                                                          Credit Linked Note
Nominal Issued                                                           ZAR214,516,311.53
Issue Price                                                                  100%
Coupon                                                                     3 Month JIBAR plus 312 basis points (or 3.12%)
Coupon Rate Indicator                                              Floating
Trade Type                                                                 Price
Final Maturity Date                                                     14 November 2027
Last Days to Register                                                   by 17:00 on 03 February, 03 May, 03 August and 03 November
Books Closed Period                                                  04 February, 04 May, 04 August and 04 November
Interest Payment Dates                                             14 February, 14 May, 14 August and 14 November with the first Floating Interest Payment Date being 14 February 2025
Interest Rate Determination Dates                            Issue Date, thereafter each of 14 February, 14 May, 14 August and 14 November
Issue Date                                                                  18 November 2024
Date Convention                                                       Following
Additional Information                                               Unsubordinated Unsecured
 
For the full document click the link below:
Absa Bank Limited
Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies.