ABSA Bank Limited Lists New Financial Instruments on Johannesburg Stock Exchange

The Johannesburg Stock Exchange (JSE) has approved the listing of new financial instruments, "ASC306" and "ASC307", under the Master Structured Note Programme Memorandum of ABSA Bank Limited. These credit-linked notes have a total nominal issued amount of ZAR39,420,000 and a total issue price of 100%. The instruments have a fixed coupon rate of 7.48% for "ASC306" and 7.38% for "ASC307", with a maturity date of 21 April 2027. The fixed interest payment dates are scheduled for 21 January, 21 April, 21 July, and 21 October of each calendar year during the term of the notes, commencing on 21 January 2026.

Key Takeaways:

ABSA Bank Limited has listed two new financial instruments, "ASC306" and "ASC307", under the Master Structured Note Programme Memorandum.
The total nominal issued amount is ZAR39,420,000, with "ASC306" and "ASC307" issued in amounts of ZAR21,960,000 and ZAR17,460,000, respectively.
The fixed coupon rate is 7.48% for "ASC306" and 7.38% for "ASC307", with a maturity date of 21 April 2027.
The fixed interest payment dates are scheduled for 21 January, 21 April, 21 July, and 21 October of each calendar year during the term of the notes, commencing on 21 January 2026.
The Master Structured Note Programme Memorandum is available on the issuer's website at https://www.absa.africa/absaafrica/investor-relations/debt-investors/.
The total notes in issue amount to R73,292,239,527.71, under the Authorised Programme size of R80,000,000,000.00.

Statistics:

Total nominal issued amount: ZAR39,420,000
Coupon rate for "ASC306": 7.48%
Coupon rate for "ASC307": 7.38%
Maturity date: 21 April 2027
Fixed interest payment dates: 21 January, 21 April, 21 July, and 21 October of each calendar year during the term of the notes

Sources:

Johannesburg Stock Exchange Company Announcement
ABSA Bank Limited's website: https://www.absa.africa/absaafrica/investor-relations/debt-investors/