Wrap Text
New Financial Instrument Listing: ASC347 & ASC348
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: ASC347
ISIN No: ZAG000223470
Bond Code: ASC348
ISIN No: ZAG000223462
NEW FINANCIAL INSTRUMENTS LISTING
The JSE Limited has granted financial instrument listing to the ABSA BANK LIMITED "ASC347 & ASC348" notes
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 R100,000,000,000.00
Total Notes in issue R77,790,781,497.64 (Including these tranches)
Full Note details are as follows:
Instrument Type Credit Linked Note
Stock Code ASC347
ISIN ZAG000223470
Nominal Issued ZAR30,000,000.00
Issue Price 100%
Coupon Compounded Daily ZARONIA plus 180 basis points (or 1.80%)
Coupon Rate Indicator Floating
Trade Type Price
Issue Date 06 March 2026
Interest Commencement Date Issue Date
Last Day to Register 17h00 on 13 January, 13 April, 13 July and 13 October
Books Closed Period 14 January to 15 January, 14 April to 15 April, 14 July to 15 July
and 14 October to 15 October
Interest Payment Dates 15 January, 15 April, 15 July and 15 October with the first Floating
Interest Payment Date being 15 April 2026
Interest Rate Determination Dates The 5th (fifth) Johannesburg Business Day (as defined in Schedule
1 (Screen Rate Determination for Floating Rate Notes Referencing
ZARONIA)) prior to each Interest Payment Date.
Maturity Date 15 April 2032
Date Convention Modified Following
Status of Notes Unsubordinated Unsecured
Full Note details are as follows:
Instrument Type Credit Linked Note
Stock Code ASC348
ISIN ZAG000223462
Nominal Issued ZAR20,000,000.00
Issue Price 100%
Coupon Compounded Daily ZARONIA plus 165 basis points (or 1.65%)
Coupon Rate Indicator Floating
Trade Type Price
Issue Date 06 March 2026
Interest Commencement Date Issue Date
Last Day to Register 17h00 on 13 January, 15 April, 15 July and 15 October
Books Closed Period 14 January to 15 January, 14 April to 15 April, 14 July to 15 July
and 14 October to 15 October
Interest Payment Dates 15 January, 15 April, 15 July and 15 October with the first Floating
Interest Payment Date being 15 April 2026
Interest Rate Determination Dates The 5th (fifth) Johannesburg Business Day (as defined in Schedule
1 (Screen Rate Determination for Floating Rate Notes Referencing
ZARONIA)) prior to each Interest Payment Date.
Maturity Date 15 January 2030
Date Convention Modified Following
Status of Notes Unsubordinated Unsecured
Additional Information
The definition of "Change in Law" contained in the Terms and Conditions of the Notes is deleted and replaced with the
following:
A. "on or after the Issue Date of any Series of Notes, (i) due to the adoption of or any change in any applicable law or
regulation (including, without limitation, a tax law), or (ii) due to the promulgation of or any change in the
interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law or
regulation (including, without limitation, any action taken by a taxing authority), the Issuer determines in good faith
that:
(i) it has become illegal or contrary to such applicable law or regulation to hold, acquire, deal in or dispose of any
hedge position, underlying securities or other property or assets comprised in an index, any currency, futures
contracts, commodities or contracts in securities, options, futures, derivatives or foreign exchange; or
(ii) it will incur a materially increased cost in performing its obligations under such Notes (including, without
limitation, due to any increase in tax liability, decrease in tax benefit or other adverse effect in respect of its tax
position); or
(iii) the Issuer or any of its affiliates will be subjected to materially less favourable regulatory capital treatment in
respect of such Notes or any related hedge positions; or
B. on or after the Issue Date of any Series of Notes, a Fixed FX Rate Variation Event occurs. Where, "Fixed FX Rate
Variation Event" means any adjustment to or termination of the NAD (Namibian Dollar) currency peg to the ZAR
that has either occurred or is announced pursuant to a public statement by a competent authority of either the
Republic of Namibia or the Republic of South Arica on or after the Issue Date.
05 March 2026
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 05-03-2026 10:00:00
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.
Sharenet Sites 
