ABSA Bank Limited Lists New Financial Instruments on Johannesburg Stock Exchange

Strategic Insights -

ABSA Bank Limited has issued new financial instruments on the Johannesburg Stock Exchange (JSE), marking a significant development in the South African debt market. The ABSA Bank Limited notes, listed under the Master Structured Note Programme Memorandum, are designed to track the BNP Paribas Multi-Asset Global Diversified Index. This listing allows investors to access a diversified portfolio of assets, including stocks, bonds, and commodities, providing a unique investment opportunity.

Key Takeaways:

  • The JSE has granted a financial instruments listing to the ABSA Bank Limited "AMB498, AMB499, and AMB500" notes under its Master Structured Note Programme Memorandum.
  • The Master Structured Note Programme has been designed to provide a platform for investors to access a diversified portfolio of assets, including stocks, bonds, and commodities.
  • The notes are linked to the BNP Paribas Multi-Asset Global Diversified Index (Bloomberg Ticker: BNPIMCD5 Index), which tracks a diversified portfolio of assets across various asset classes.
  • The issue size for each note is R 13,904 (AMB498), R 17,814 (AMB499), and R 21,719 (AMB500), with an issue price of ZAR 1,000 for each.
  • The maturity date for each note is June 2030, with a listing date of 26 June 2025.
  • The total notes in issue, including these tranches, amount to R 66,691,710,654.06.
  • The programme size is capped at R 80,000,000,000.00.
  • The debt sponsor for these notes is Absa Corporate and Investment Bank, a division of Absa Bank Limited.

Statistics:

  • Issue size for ABSA Bank Limited note AMB498: R13,904
  • Issue size for ABSA Bank Limited note AMB499: R17,814
  • Issue size for ABSA Bank Limited note AMB500: R21,719
  • Total notes in issue: R 66,691,710,654.06
  • Programme size: R 80,000,000,000.00
  • Listing date: 26 June 2025
  • Maturity date: 26 June 2030

Sources:

  • Johannesburg Stock Exchange announcement
  • ABSA Bank Limited financial instruments listing
  • BNP Paribas Multi-Asset Global Diversified Index