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New Financial Instrument Lisitng - ASN505
2020/09/22 08:45:00Download PDF Stock report
New Financial Instrument Lisitng - ASN505 ABSA BANK LIMITED (Registration number 1986/004794/06) Bond Code: ASN505 ISIN No: ZAG000171224 NEW FINANCIAL INSTRUMENTS LISTING The JSE Limited has granted financial instruments listing to ABSA BANK LIMITED “ASN505 NOTE” 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: Floating Rate Note Bond Code ASN505 Nominal Issued R300,000,000.00 Total Notes in issue R 27,529,911,467.96 (Incl. ASN505) Issue Price 100% Coupon Rate 3 Month JIBAR plus 90bps Coupon Rate Indicator Floating Trade Type Price Final Maturity Date 31 March 2021 Last Day to Register By 17:00 on 20 March, 20 December Books Close Date(s) 21 March, 21 December Interest Payment Date(s) 31 March, 31 December Interest Determination Date(s) 23 September 2020 and 31 December 2020 Issue Date 23 September 2020 Date Convention Following Interest Commencement Date 23 September 2020 First Interest Payment Date 31 December 2020 ISIN No. ZAG000171224 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 Condi tion 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, authority or agency.” 22 September 2020 Debt Sponsor Absa Corporate and Investment Bank, a division of Absa Bank Limited Date: 22-09-2020 08:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.