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Absa Bank Limited -
(Incorporated with limited liability in South Africa under registration number 1986 / 004794 / 06)
Bond Code: ABCPI3
ISIN Code: ZAG000073669
(“Absa Bank” or the “Issuer”)
FINANCIAL INSTRUMENT EARLY REDEMPTION – ABCPI3
Absa Bank – Tier 2 Notes, with stock code ABCPI3 (the “Notes”) were issued with a final Maturity Date
of 7 December 2028, however, are redeemable at the Issuer’s option on 7 December 2023 (the “First
Optional Redemption Date”) in accordance with Condition 11.4 (Redemption at the option of the
Issuer (Issuer Call)) of the Terms and Conditions of the Notes (as read with the relevant Applicable
Pricing Supplements).
In accordance with Condition 18 (Notices) of the Terms and Conditions of the Notes, notice is hereby
given to Noteholders of the Notes that the Issuer has exercised its option to early redeem the Notes
on 7 December 2023. Payment of the Final Redemption Amount, together with applicable interest,
will be effected on the First Optional Redemption Date.
The Aggregate Principal Amount of the Notes is ZAR 845,283,052.00, and Aggregate Principal Amount
after the redemption will be ZAR0.00. Details of the redemption amount of the Notes are detailed
below:
Aggregate Principal Amount Aggregate Principal Amount Outstanding
After Capital Redemption
ABCPI3 ZAR 845,283,052.00 ZAR0.00
7 November 2023
Debt sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
