ABSA Bank Receives Approval for Listing of Latest Financial Instruments

Strategic Insights -

ABSAs latest move in expanding its investment product offerings has been met with approval from the Johannesburg Stock Exchange, with the listing of its financial instruments under the "AMB512, AMB513, and AMB514" notes, tied to the S&P 500 Daily Risk Control 10% USD Excess Return Index. These index-linked notes, specifically the first tranche, ABMBMB512-26AUGUST2031, has an issue size of 50,000 and a maturity date set for August 26, 2031. ABSA's Master Structured Note Programme, detailed on its investor relations website, has a total authorised programme size of 80.00 billion rand, with the total notes issued amounting to 68.54 billion rand, inclusive of these new tranches.

Key Takeaways:

  • ABSA Bank has received approval from the Johannesburg Stock Exchange (JSE) for the listing of its latest financial instruments under the "AMB512, AMB513, and AMB514" notes, tied to the S&P 500 Daily Risk Control 10% USD Excess Return Index.
  • The Master Structured Note Programme, detailed on ABSA's investor relations website, has an authorised programme size of 80.00 billion rand.
  • The total notes issued under the programme amount to 68.54 billion rand, inclusive of the new tranches.
  • The first tranche, ABMBMB512-26AUGUST2031, has an issue size of 50,000 and a maturity date set for August 26, 2031.
  • The second and third tranches, ABMBMB513-27AUGUST2030 and ABMBMB514-27AUGUST2030, have issue sizes of 18,397 and 15,373 respectively, and a maturity date of August 27, 2030.
  • These listings fall under the Specialised Securities sector, specifically under Investment Products.
  • ABSA's effort to expand its investment product offerings aims to provide more options for investors seeking exposure to structured financial products linked to major global indices.

Statistics:

  • Authorised programme size: 80.00 billion rand
  • Total notes issued: 68.54 billion rand
  • Issue size of first tranche: 50,000
  • Issue price of first tranche: 1,000 rand each
  • Issue sizes of second and third tranches: 18,397 and 15,373 respectively
  • Maturity dates of tranches: August 26, 2031 (first tranche), August 27, 2030 (second and third tranches)
  • Programme size: 80.00 billion rand

Sources:

  • Johannesburg Stock Exchange (JSE)
  • ABSA Bank Limited's investor relations website