Enhanced Investments - Financial Portal

New Financial Instrument Listing-ABFN57/ABFN58

Published: 2022-11-11 15:59:37 ET

ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)

Bond Code: ABFN57
ISIN No: ZAG000191859
Bond Code: ABFN58
ISIN No: ZAG000191867


NEW FINANCIAL INSTRUMENT LISTING

The JSE Limited has granted a financial instruments listing to ABSA BANK LIMITED’s ABFN57 & ABFN58
notes under its Domestic Medium Term Note Programme dated 03 September 2021.

Authorised Programme size                         ZAR90,000,000,000.00
Total notes in issue                             ZAR49,624,883,052 (Excluding this tranche)


Full Note details are as follows:


Instrument Type                                  Floating Rate Note
Bond Code                                        ABFN57
Nominal Value                                    R500,000,000
Issue price                                      100%
Coupon                                           3 Month JIBAR plus 120bps
Coupon Rate Indicator                            Floating
Trade Type                                       Price
Final Maturity Date                              14 November 2025
Books Close Date(s)                              05 February, 05 May, 05 August, 05 November
Interest Payment Date(s)                         14 February, 14 May, 14 August, 14 November
Interest Determination Date(s)                   14 February, 14 May, 14 August, 14 November of each year
                                                 commencing on 14 November 2022
Last day to register                             By 17:00 on 04 February, 04 May, 04 August, 04 November
Issue Date                                       14 November 2022
Date Convention                                  Modified Following
Interest Commencement Date                       14 November 2022
First Interest Payment Date                      14 February 2023
ISIN No                                          ZAG000191859
Additional Information                           Unsubordinated, Unsecured
Full Note details are as follows:



Instrument Type                                Floating Rate Note
Bond Code                                      ABFN58
Nominal Value                                  R1,000,000,000
Issue price                                    100%
Coupon                                         3 Month JIBAR plus 145bps
Coupon Rate Indicator                          Floating
Trade Type                                     Price
Final Maturity Date                            14 November 2027
Books Close Date(s)                            05 February, 05 May, 05 August, 05 November
Interest Payment Date(s)                       14 February, 14 May, 14 August, 14 November
Interest Determination Date(s)                 14 February, 14 May, 14 August, 14 November of each year
                                               commencing on 14 November 2022
Last day to register                           By 17:00 on 04 February, 04 May, 04 August, 04 November
Issue Date                                     14 November 2022
Date Convention                                Modified Following
Interest Commencement Date                     14 November 2022
First Interest Payment Date                    14 February 2023
ISIN No                                        ZAG000191867

Additional Information                         Unsubordinated, Unsecured



11 November 2022

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.