Obbligazione Absa Bank 0% ( ZAG000132176 ) in ZAR

Emittente Absa Bank
Prezzo di mercato 100 ZAR  ⇌ 
Paese  Sudafrica
Codice isin  ZAG000132176 ( in ZAR )
Tasso d'interesse 0%
Scadenza 07/03/2021 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Absa Bank ZAG000132176 in ZAR 0%, scaduta


Importo minimo 1 000 000 ZAR
Importo totale 300 000 000 ZAR
Descrizione dettagliata The Obbligazione issued by Absa Bank ( South Africa ) , in ZAR, with the ISIN code ZAG000132176, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 07/03/2021







DocuSign Envelope ID: 4A932BCF-E843-4198-9E8D-69EAB92D4E37

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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 March 2021
under its ZAR40,000,000,000 Master Structured Note Programme approved by the JSE
Limited and the Stock Exchange of Mauritius Limited

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 30 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 wil prevail.


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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.)
4.
Issuance Currency:
ZAR (South African Rand)
5.
Listing
Listed Notes
6.
Rated
No
7.
Series Number:
2015-78
8.
Tranche Number:
ASN113
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:
30 November 2015

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15.
Issue Date:
07 December 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:
07 March 2021, subject to adjustment in
accordance with the applicable Business Day
Convention.
21.
Applicable
Business
Day Fol owing Business Day
Convention:
22.
Definition of Business Day (if Not Applicable
different 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. 25 February, 27 May, 27
August and 26 November of each calendar
year during the and ending on the Maturity
Date
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 26 February to
07 March, 28 May to 07 June, 28 August to
07 September and 27 November to 07
December
26.
Value of aggregate Nominal Amount ZAR9,976,698,364.02
of all Notes issued under the
Structured Note Programme as at
the Issue Date:

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FLOATING RATE NOTES
Applicable
27.


(a)
Floating Interest Payment Each 07 March, 07 June, 07 September and
Date(s):
07 December of each calendar year during
the period commencing on 07 March 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
11.3% (Eleven point three per cent.) per
annum.
(d)
Other terms relating to the In respect of each Note, the interest amount
method of calculating interest for each Interest Period will be determined
(e.g.: Day Count Fraction, and calculated by the Calculation Agent in
rounding up provision):
accordance 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

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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
"*" 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 07 March, 07 June, 07 September and
Determination
07 December of each calendar year, during
Date(s):
the period commencing on the Issue Date
and ending on 07 December 2020, each
such day being subject to adjustment in
accordance with the applicable Business Day
Convention.
(i i)
Relevant
Screen Reuters RIC <SFX3MYLD> on Reuters Page
Page and Reference "SAFEY" (Page number ZA01209)
Code:
(h)
If Interest Rate to be Not Applicable
calculated otherwise than by
ISDA
Determination
or
Screen Determination, insert
basis for determining Interest
Rate/Margin/
Fal back
provisions:

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(i)
Calculation
Agent Absa Corporate and Investment Banking (a
responsible for calculating division of Absa Bank Limited) or an affiliate
amount of principal and thereof
interest:
PROVISIONS
REGARDING
REDEMPTION/MATURITY
28.
Redemption at the option of the No
Issuer:
29.
Redemption at the Option of No
Noteholders:
30.
Early
Redemption
Amount(s) Yes
payable 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.
(b)
Method of calculation of Not Applicable
amount 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.

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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 selling restrictions:
Not Applicable
37.
ISIN No.:
ZAG000132176
38.
Stock Code:
ASN113
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.

Responsibility:

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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 all reasonable
enquiries to ascertain such facts have been made as well 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]



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Document Outline