Try our mobile app

CANCELLATION OF S480671 ASN310/ASN369/ASN480/ASN634/ASN681/ASN936/ASN973- Notice of Credit Event

Buy Absa Stocks
Published: 2023-10-03 18:40:29 ET
<<<  go to JSE:ABG company page
ABSA BANK LIMITED
(Registration number 1986/004794/06)
(“the Issuer”)

Bond Code: ASN310
ISIN No: ZAG000156431
Bond Code: ASN369
ISIN No: ZAG000162678
Bond Code: ASN480
ISIN No: ZAG000170333
Bond Code: ASN634
ISIN No: ZAG000177320
Bond Code: ASN681
ISIN No: ZAG000179193
Bond Code: ASN936
ISIN No: ZAG000190745
Bond Code: ASN973
ISIN No: ZAG000193202

(“the Notes”)

Notice of Credit Event

Notice is hereby given to all holders of the Notes which were issued under the Issuers’ Master Structured Note
Programme (“MSNP”) that a Credit Event has occurred in respect of Casino Guichard Perrachon which is one of the
Reference Entities included in the Applicable Pricing Supplement relating to the Notes.

Interest will accordingly cease to accrue in respect of the Reference Entity Nominal Amount of the Notes related to
Casino Guichard Perrachon (the “Affected Portion”) with effect from the prior Interest Payment Date (in other words on
16 August 2023), in accordance with the provisions of the relevant Applicable Pricing Supplements.

The Redemption Amount for the relevant Note will be determined in respect of the Affected Portion minus Swap Costs in
accordance with the relevant Applicable Pricing Supplements read with the Master Structured Note Programme and the
relevant Applicable Product Supplements.

Under the terms of the Notes, the amount of the Notes equal to the Reference Entity Nominal Amount will be redeemed
and delisted upon determination of the swap costs, effective 6 October 2023.]

                                                Nominal Amount of               Nominal Outstanding
                                                the Affected Portion            After Capital
                                                                                Redemption

         ASN310-ZAG000156431                    R 733,333.33                    R49,133,333.34


         ASN369-ZAG000162678                    R 800,000.00                    R 54,400,000.00


         ASN480-ZAG000170333                    R1,666,666.67                   R118,333,333.33


         ASN634-ZAG000177320                    R 400,000.00                    R 29,600,000.00


         ASN681-ZAG000179193                    R1,333,333.33                   R 98,666,666.67
         ASN936-ZAG000190745                    R1,333,333.33                     R 98,666,666.67


         ASN973-ZAG000193202                    R1,333,333.33                     R 98,666,666.67


03 October 2023

Debt Sponsor
Absa Bank Limited, acting through its Corporate and Investment Banking division