Bond Absa Bank 0% ( ZAG000131293 ) in ZAR

Issuer Absa Bank
Market price 100 %  ▲ 
Country  South Africa
ISIN code  ZAG000131293 ( in ZAR )
Interest rate 0%
Maturity 10/11/2020 - Bond has expired



Prospectus brochure of the bond Absa Bank ZAG000131293 in ZAR 0%, expired


Minimal amount 1 000 000 ZAR
Total amount 300 000 000 ZAR
Detailed description The Bond issued by Absa Bank ( South Africa ) , in ZAR, with the ISIN code ZAG000131293, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Bond maturity is 10/11/2020







DocuSign Envelope ID: 0D3654DD-9D4F-4A35-910B-7C96DE195BA6

1
APPLICABLE PRICING SUPPLEMENT



ABSA BANK LIMITED
(incorporated in the Republic of South Africa with limited liability and with company registration
number 1986/004794/06)
Issue of ZAR300,000,000.00 Capped Floating Rate Notes due November 2020
under its ZAR40,000,000,000 Master Structured Note Programme approved by the JSE Limited
and the Stock Exchange of Mauritius Ltd
This Applicable Pricing Supplement must be read in conjunction with the Master Structured Note
Programme Memorandum dated 27 October 2015 and approved by the JSE Limited t/a The
Johannesburg Stock Exchange (the "JSE") on or about 9 October 2015, prepared by Absa Bank
Limited in connection with the Absa Bank Limited ZAR40,000,000,000 Master Structured Note
Programme, as amended and/or supplemented from time to time (the "Master Programme
Memorandum").
Any capitalised terms not defined in this Applicable Pricing Supplement have the meanings ascribed
to them in the Glossary of Terms.
This document constitutes the Applicable Pricing Supplement relating to the issue of Notes described
herein. The Notes described herein are issued on and subject to the Terms and Conditions as
replaced, amended and/or supplemented by this Applicable Pricing Supplement. To the extent that
there is any conflict or inconsistency between the provisions of this Applicable Pricing Supplement
and the provisions of the Master Programme Memorandum, the provisions of this Applicable Pricing
Supplement will prevail.
This Applicable Pricing Supplement supersedes any previous pricing supplement, confirmation, term
sheet or other communication in respect of the Notes described below.
DESCRIPTION OF THE NOTES

1.
Issuer:
Absa Bank Limited ("Absa")
2.
Applicable Product Supplement
Not Applicable
3.
Status of Notes:
Unsubordinated and Unsecured. (The default
status of the Notes under the Master Structured
Note Programme is `unsubordinated and
unsecured' per Condition 5 (Status of Notes) of
the Master Programme Memorandum.)

123135v2


DocuSign Envelope ID: 0D3654DD-9D4F-4A35-910B-7C96DE195BA6

2
4.
Issuance Currency:
ZAR (South African Rand)
5.
Listing
Listed Notes
6.
Rated
No
7.
Series Number:
2015-58
8.
Tranche Number:
ASN096
9.
Aggregate Nominal Amount:
ZAR300,000,000.00
(a)
Series:
ZAR300,000,000.00
10.
Interest:
Interest-bearing
11.
Interest Payment Basis:
Floating Rate Notes
12.
Automatic/Optional Conversion from Not Applicable
one Interest/Redemption/Payment Basis
to another:
13.
Form of Notes:
Registered Listed Notes: The Notes in this
Tranche are issued in uncertificated form and
held in the Central Securities Depository.
14.
Trade Date:
03 November 2015
15.
Issue Date:
10 November 2015
16.
Nominal Amount per Note:
ZAR1,000,000.00
17.
Specified Denomination:
ZAR1,000,000.00 (Notes are subject to a
minimum denomination of ZAR1,000,000.00)
18.
Issue Price:
100%
19.
Interest Commencement Date:
Issue Date
20.
Maturity Date:
10 November 2020, subject to adjustment in
accordance with the applicable Business Day
Convention.
21.
Applicable Business Day Convention:
Following Business Day
22.
Definition of Business Day (if different Not Applicable
from that set out in the Glossary of
Terms):
23.
Final Redemption Amount:
ZAR300,000,000.00
24.
Last Date to Register:
11 calendar days before each Interest Payment
Date, i.e. 30 January, 29 April, 30 July and 30
October of each calendar year during the and
ending on the Maturity Date

123135v2


DocuSign Envelope ID: 0D3654DD-9D4F-4A35-910B-7C96DE195BA6

3
25.
Books Closed Period(s):
The Register wil be closed from 10 calendar days
before each Floating Interest Payment Date to
each Floating Interest Payment Date (all dates
inclusive) i.e. each 31 January to 10 February, 30
April to 10 May, 31 July to 10 August and 31
October to 10 November
26.
Value of aggregate Nominal Amount of ZAR8,856,154,224.61
all Notes issued under the Structured
Note Programme as at the Issue Date:
FLOATING RATE NOTES
Applicable
27.


(a)
Floating
Interest
Payment Each 10 February, 10 May, 10 August and 10
Date(s):
November of each calendar year during the
period commencing on 10 February 2016 and
ending on the Maturity Date, each such day being
subject to adjustment in accordance with the
applicable Business Day Convention.
(b)
Minimum Interest Rate:
Not Applicable
(c)
Maximum Interest Rate:
In respect of each Interest Period, a rate of
10.40% (Ten point four per cent.) per annum.
(d)
Other terms relating to the In respect of each Note, the interest amount for
method of calculating interest each Interest Period will be determined and
(e.g.: Day Count Fraction, calculated by the Calculation Agent in accordance
rounding up provision):
with the following formula:
I = SD*FIR*DCF
Where:
"I" means the relevant Interest Amount per Note;
"SD" means the Specified Denomination per
Note;
"FIR" means the Floating Interest Rate as
determined and calculated by the Calculation
Agent in accordance with the following formula:
FIR = min(RR + MG, MIR)
Where:
"min" means "the minimum of" or "the lesser of";
"RR" means the Reference Rate as specified
below and determined in accordance with the
provisions
of
the
Master
Programme
Memorandum;
"MG" means the Margin as specified below;
"MIR" means the Maximum Interest Rate as
specified above;
"DCF" means the Day Count Fraction being
Act/365; and

123135v2


DocuSign Envelope ID: 0D3654DD-9D4F-4A35-910B-7C96DE195BA6

4
"*" means "multipled by".
(e)
Manner in which the Interest Screen Rate Determination
Rate is to be determined:
(f)
Margin:
200 basis points or 2.00%
(g)
If Screen Determination:

(i)
Reference
Rate: ZAR-JIBAR-SAFEX (3 months)
(including the relevant
period by reference to
which the Interest Rate
is to be calculated):
(i )
Interest
Rate Each 10 February, 10 May, 10 August and 10
Determination Date(s):
November of each calendar year, during the
period commencing on the Issue Date and ending
on 10 August 2020, each such day being subject
to adjustment in accordance with the applicable
Business Day Convention.
(i i)
Relevant Screen Page Reuters RIC <SFX3MYLD> on Reuters Page
and Reference Code:
"SAFEY" (Page number ZA01209)
(h)
If Interest Rate to be calculated Not Applicable
otherwise
than
by
ISDA
Determination
or
Screen
Determination, insert basis for
determining
Interest
Rate/Margin/
Fallback
provisions:
(i)
Calculation Agent responsible Absa Corporate and Investment Banking (a
for
calculating
amount
of division of Absa Bank Limited) or an affiliate
principal and interest:
thereof
PROVISIONS
REGARDING
REDEMPTION/MATURITY
28.
Redemption at the option of the Issuer:
No
29.
Redemption
at
the
Option
of No
Noteholders:
30.
Early Redemption Amount(s) payable Yes
on redemption for taxation reasons,
Change in Law or on Event of Default (if
required):
If yes:

(a)
Amount payable; or
The Early Redemption Amount determined and
calculated by the Calculation Agent in accordance
with Condition 8.5 (Early Redemption Amounts) of
the Terms and Conditions of the Notes.

123135v2


DocuSign Envelope ID: 0D3654DD-9D4F-4A35-910B-7C96DE195BA6

5
(b)
Method of calculation of amount Not Applicable
payable:
GENERAL

31.
Financial Exchange:
JSE Limited t/a The Johannesburg Stock
Exchange
32.
Calculation Agent:
Absa Corporate and Investment Banking (a
division of Absa Bank Limited) or an affiliate
thereof.
33.
Paying Agent:
Absa Corporate and Investment Banking (a
division of Absa Bank Limited) or an affiliate
thereof.
34.
Specified office of the Paying Agent:
15 Alice Lane
Sandton
2196
Gauteng
Republic of South Africa
35.
Transfer Agent:
Absa Corporate and Investment Banking (a
division of Absa Bank Limited) or an affiliate
thereof.
36.
Additional sel ing restrictions:
Not Applicable
37.
ISIN No.:
ZAG000131293
38.
Stock Code:
ASN096
39.
Method of distribution:
Private Placement
40.
If non-syndicated, name of Dealer:
Absa Corporate and Investment Banking (a
division of Absa Bank Limited) or an affiliate
thereof.
41.
Governing law (if the laws of South Law of the Republic of South Africa
Africa are not applicable):
42.
Other provisions:
Applicable
43.
Issuer Central Securities Depositary Standard Chartered Bank
Participant (CSDP):
44.
Issuer Rating on Issue Date:
Issuer Rating: A1.za as assigned by Moody's on
26 June 2015 and to be reviewed by Moody's
from time to time.
45.
Debt Listing Requirements:
In accordance with Section 4.22 of the Debt
Listing Requirements, the Issuer confirms that the
Programme Amount has not been exceeded at
the time of the issuing of the Notes.

123135v2


DocuSign Envelope ID: 0D3654DD-9D4F-4A35-910B-7C96DE195BA6

6

Responsibility:
The Issuer certifies that to the best of its knowledge and belief there are no facts that have been
omitted which would make any statement false or misleading and that al reasonable enquiries to
ascertain such facts have been made as wel as that this Applicable Pricing Supplement contains all
information required by law and the JSE Listing Requirements. The Issuer accepts full responsibility
for the accuracy of the information contained in this Applicable Pricing Supplement and the annual
financial report, the amendments to the annual financial report or any supplements from time to time,
except as otherwise stated therein.

for and on behalf of
ABSA BANK LIMITED

_____________________________


_______________________________
Name:





Name:
Capacity:





Capacity:
Date:





Date:
Who warrants his/her authority hereto

Who warrants his/her authority hereto]



123135v2


Document Outline