Obligation Absa Bank 0% ( ZAG000168998 ) en ZAR

Absa Bank

100 % ⇌

Afrique du Sud

ZAG000168998 ( en ZAR )

24/06/2025

Prospectus brochure de l'obligation Absa Bank ZAG000168998 en ZAR 0%, échéance 24/06/2025

1 000 000 ZAR

700 000 000 ZAR

L'Obligation émise par Absa Bank ( Afrique du Sud ) , en ZAR, avec le code ISIN ZAG000168998, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 24/06/2025

DocuSign Envelope ID: 9340E28A-623B-4355-AADE-13B2E5F9DCAE

Absa Bank Limited
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Issue of ZAR700,000,000 Unsubordinated Registered Notes with Stock Code ABFN46
Under its ZAR90,000,000,000 Domestic Medium Term Note Programme
This document constitutes the Applicable Pricing Supplement relating to the issue of the Tranche of Notes
described in this Applicable Pricing Supplement.
This Applicable Pricing Supplement must be read in conjunction with the Programme Memorandum issued
by Absa Bank Limited dated 15 November 2019, as amended. To the extent that there is any conflict or
inconsistency between the contents of this Applicable Pricing Supplement and the Programme
Memorandum, the provisions of this Applicable Pricing Supplement shal prevail.
Any capitalised terms not defined in this Applicable Pricing Supplement shal have the meanings ascribed
to them in the General Terms and Conditions. References in this Applicable Pricing Supplement to the
General Terms and Conditions are to the section of the Programme Memorandum "Terms and Conditions
of the Unsubordinated Notes". References to any Condition in this Applicable Pricing Supplement are to
that Condition of the General Terms and Conditions.
DESCRIPTION OF THE NOTES
1.
Issuer
Absa Bank Limited
2.
Status of Notes
Unsubordinated Notes
3.
(a)
Tranche Number
01
(b)
Series Number
70
4.
Aggregate Principal Amount
ZAR700,000,000
5.
Interest/Payment Basis
Floating Rate
6.
Form of Notes
Registered Note
7.
Security
Unsecured
8.
Automatic/Optional Conversion from one Not Applicable
Interest/Payment Basis to another
9.
Issue Date
24 June 2020
10.
Business Centre
Johannesburg
11.
Additional Business Centre
Not Applicable
12.
Principal Amount
ZAR1,000,000
13.
Specified Denomination
Notes are subject to a minimum denomination
of ZAR1,000,000

DocuSign Envelope ID: 9340E28A-623B-4355-AADE-13B2E5F9DCAE

14.
Issue Price
100%
15.
Interest Commencement Date
24 June 2020
16.
Maturity Date
24 June 2025
17.
Specified Currency
ZAR
18.
Applicable Business Day Convention
Modified Following Business Day
19.
Calculation Agent
Absa Bank Limited, acting through its
Corporate and Investment Banking division
20.
Specified Office of the Calculation Agent
15 Alice Lane, Sandton, 2196
21.
Paying Agent
Absa Bank Limited, acting through its
Corporate and Investment Banking division
22.
Specified Office of the Paying Agent
15 Alice Lane, Sandton, 2196
23.
Transfer Agent
Absa Bank Limited, acting through its
Corporate and Investment Banking division
24.
Specified Office of the Transfer Agent
15 Alice Lane, Sandton, 2196
25.
Settlement Agent
Standard Chartered Bank
26.
Specified Office of the Settlement Agent
4 Sandown Val ey Crescent, Sandton, South
Africa
27.
Issuer Agent
Absa Bank Limited, acting through its
Corporate and Investment Banking division
28.
Specified Office of the Issuer Agent
15 Alice Lane, Sandton, 2196
29.
Final Redemption Amount
ZAR700,000,000
PARTLY PAID NOTES
Not Applicable
INSTALMENT NOTES
Not Applicable
FIXED RATE NOTES
Not Applicable
FLOATING RATE NOTES
Applicable
30.
Floating Rate Note Provisions

(a)
Interest Payment Date(s)
24 March, 24 June, 24 September and 24
December, in each year until the Maturity Date,
commencing on 24 September and, subject to
the terms hereof, ending on 24 June 2025 or, if
such day is not a Business Day, the Business
Day on which the interest wil be paid, as
determined in accordance with the applicable
Business Day Convention (as specified in this
Applicable Pricing Supplement)
(b)
Interest Period(s)
Each period commencing on (and including) an
Interest Payment Date and ending on (but
excluding) the following Interest Payment
Date; provided that the first Interest Period wil

DocuSign Envelope ID: 9340E28A-623B-4355-AADE-13B2E5F9DCAE

commence on (and include) the Interest
Commencement Date and end on (but exclude)
24 September 2020 (each Interest Payment
Date as adjusted in accordance with the
applicable Business Day Convention)
(c)
Definitions of Business Day (if Not Applicable
different from that set out in
Condition 1 (Interpretation) of the
Terms and Conditions)
(d)
Minimum Interest Rate
Not Applicable
(e)
Maximum Interest Rate
Not Applicable
(f)
Other terms relating to the method of Not Applicable
calculating interest (e.g., Day Count
Fraction, rounding up provision, if
different from Condition 6 (Interest)
of the Terms and Conditions)
31.
Manner in which the Interest Rate is to be Screen Rate Determination
determined
32.
Margin
142.5 bps per annum to be added to the relevant
Reference Rate
33.
If ISDA Determination

(a)
Floating Rate
Not Applicable
(b)
Floating Rate Option
Not Applicable
(c)
Designated Maturity
Not Applicable
(d)
Reset Date(s)
Not Applicable
34.
If Screen Determination

(a)
Reference Rate (including relevant 3 (three) month ZAR-JIBAR-SAFEX
period by reference to which the
Interest Rate is to be calculated)
(b)
Interest Rate Determination Date(s)
24 March, 24 June, 24 September and 24
December in each year until the Maturity Date,
with the first Interest Determination Date being
22 June 2020
(c)
Relevant Screen Page and Reference Reuters screen SAFEY page under caption
Code
"Yield" (or on the SAFEX nominated successor
screen for JIBAR) on or about 11h00,
Johannesburg time, rounded to the nearest third
decimal point
35.
If Interest Rate to be calculated otherwise than Not Applicable
by reference to the previous 2 sub-paragraphs,
insert basis for determining Interest
Rate/Margin/Fal back provisions

DocuSign Envelope ID: 9340E28A-623B-4355-AADE-13B2E5F9DCAE

36.
If different from the Calculation Agent, agent Not Applicable
responsible for calculating amount of
principal and interest
MIXED RATE NOTES
Not Applicable
ZERO COUPON NOTES
Not Applicable
INDEXED NOTES
Not Applicable
EXCHANGEABLE NOTES
Not Applicable
OTHER NOTES
Not Applicable
PROVISIONS REGARDING REDEMPTION

37.
Redemption at the option of the Issuer (Cal No
Option)
38.
Redemption at the option of the Noteholders No
(Put Option)
39.
Early Redemption Amount(s)
Yes
(a)
Early
Redemption
Amount Not Applicable
(Regulatory)
(b)
Early Redemption Amount (Tax)
Principal Amount plus accrued interest (if any)
to the date fixed for redemption
(c)
Early Termination Amount
Principal Amount plus accrued interest (if any)
40.
Do the General Terms and Conditions or the No
provisions of this Applicable Pricing
Supplement provide for automatic redemption
of the Notes upon the occurrence of a trigger
event(s)?
GENERAL

41.
Additional sel ing restrictions
Not Applicable
42.
Additional terms or special conditions
Not Applicable
43.
(a)
International Securities Identification ZAG000168998
Numbering (ISIN)
(b)
Stock Code
ABFN46
44.
Financial Exchange
JSE Limited
45.
Clearing System
Strate Proprietary Limited
46.
Method of distribution
Private Placement
47.
If syndicated, names of managers
Not Applicable
48.
Receipts attached?
Not Applicable
49.
Coupons attached?
Not Applicable
50.
Talons attached?
Not Applicable

DocuSign Envelope ID: 9340E28A-623B-4355-AADE-13B2E5F9DCAE

51.
Credit Rating assigned to the Issuer (if any), Aa1.za as affirmed by Moody's Investor
date of such rating and date for review of such Services on 31 March 2020 and zaAA as
rating
affirmed by Standard & Poor's on 7 May 2020.
The ratings wil be reviewed annual y
52.
Rating Agency (if any)
Moody's Investor Services and Standard &
Poor's
53.
Stripping of Receipts and/or Coupons Not Applicable
prohibited as provided in Condition 14.4
(Prohibition on stripping) of the Terms and
Conditions?
54.
Governing law (if the laws of South Africa are Not Applicable
not applicable)
55.
Other Banking Jurisdiction
Not Applicable
56.
Last Day to Register, which shal mean that 17h00 on 14 March, 14 June, 14 September and
the "Books Closed Period" (during which the 14 December or if such day is not a Business
Register wil be closed) wil be from each Last Day, the Business Day before each Books
Day to Register to the applicable Payment Closed Period, in each year until the Maturity
Day until the date of redemption
Date
57.
Books Closed Period
The Register wil be closed from 15 March to
24 March, 15 June to 24 June, 15 September to
24 September and 15 December to 24
December (al dates inclusive) in each year
until the Maturity Date
58.
Debt Sponsor
Absa Bank Limited, acting through its
Corporate and Investment Banking division
59.
Stabilisation Manager (if any)
Not Applicable
60.
Pricing Methodology
Private Placement
61.
Authorised amount of the Programme
ZAR90,000,000,000
62.
Aggregate Outstanding Principal Amount of ZAR 53,146,883,052
al Notes in issue on the Issue Date of this
Tranche (excluding the current issue and any
other Note(s) issued on the Issue Date)
63.
Set out the relevant description of any Not Applicable
additional/other Terms and Conditions
relating to the Notes (including covenants, if
any)
64.
Negative Pledge
Condition 22 (Negative Pledge) in the
Programme Memorandum is applicable
65.
Material Changes
The Issuer confirms that as at the date of this
Applicable Pricing Supplement, there has been
no material change in the financial or trading
position of the Issuer and its subsidiaries since

DocuSign Envelope ID: 9340E28A-623B-4355-AADE-13B2E5F9DCAE

the date of the Issuer's latest audited financial
statements dated 11 March 2020. As at the date
of this Applicable Pricing Supplement, there
has been no involvement by Ernst & Young, the
auditor of the Issuer, in making the
aforementioned statement
66.
Exchange control approval
Not Applicable
RESPONSIBILITY
The Issuer certifies that to the best of its knowledge and belief there are no facts that have been omitted
from this Programme Memorandum and this Applicable Pricing Supplement which would make any
statement false or misleading and that al reasonable enquiries to ascertain such facts have been made and
that this Applicable Pricing Supplement contains al information required by Applicable Law and, in
relation to any Tranche of Notes listed on the Interest Rate Market of the JSE, the JSE Debt Listings
Requirements. The Issuer accepts full responsibility for the accuracy of the information contained in this
Programme Memorandum, this Applicable Pricing Supplement, the annual financial statements and the
annual financial report of the Issuer and any amendments or supplements to the aforementioned documents
from time to time, except as otherwise stated therein.
The JSE takes no responsibility for the contents of this Programme Memorandum, any Applicable Pricing
Supplements, the annual financial statements and/or the annual report of the Issuer (and any amendments
or supplements to the aforementioned documents from time to time). The JSE makes no representation as
to the accuracy or completeness of any of the foregoing documents and expressly disclaims any liability
for any loss arising from or in reliance upon the whole or any part of this Programme Memorandum, any
Applicable Pricing Supplements, the annual financial statements and/or the annual report of the Issuer (any
amendments or supplements to the aforementioned documents from time to time).
The JSE's approval of the registration of this Programme Memorandum and listing of the Notes is not to
be taken in any way as an indication of the merits of the Issuer or of the Notes and that, to the extent
permitted by law, the JSE wil not be liable for any claim whatsoever.
As at the date of this Applicable Pricing Supplement, the Issuer confirms that the aggregate Principal
Amount of al Notes Outstanding under this Programme does not exceed ZAR90,000,000,000, being the
maximum aggregate Principal Amount of the Notes that may be issued under the Programme.
Application is hereby made to list this issue of Notes on 24 June 2020 pursuant to the Absa Bank Limited
Domestic Medium Term Note Programme. The Programme was registered with the JSE on 15 November
2019.
ABSA BANK LIMITED
By:
________________________________ By:
______________________________
RICHARD FAVIS
Rolf van den Heever
Name: ________________________________ Name: ______________________________
Capacity: Authorised Signatory
Capacity: Authorised Signatory

6/22/2020 | 2:01:25 PM SAST
6/22/2020 | 4:26:28 PM SAST
Date: ________________________________ Date: _______________________________