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ABH004 - Listing of new financial instrument
African Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2014/176855/06)
Company code: ABLI
LEI: 254900UUEMIK0XL5A056
Bond code: ABH004 ISIN: ZAG000212697
("ABHL")
LISTING OF NEW FINANCIAL INSTRUMENT
The JSE Limited has granted ABHL the listings of its R102,000,000 Unsecured Subordinated
Capital Floating Rate Tier 2 Notes (ABH004) due 26 February 2035 under its R25,000,000,000
Domestic Medium Term Note Programme as documented in the Programme Memorandum
dated 29 June 2023 (the "Programme"), effective 26 February 2025.
Debt Security Code: ABH004
ISIN: ZAG000212697
Type of Debt Security: Floating Rate Notes
Nominal Issued: R102,000,000.00
Issue Date: 26 February 2025
Issue Price: 100% of the Nominal Amount of the Note
Interest Commencement Date: 26 February 2025
Interest Rate: 12.008 (3 month JIBAR of 7.558% plus 445 basis
points)
Interest Determination Date(s): 21 February 2025 and thereafter the first
Business Day of each Interest Period
First Interest Payment Date: 26 May 2025
Interest Payment Date(s): The first Floating Interest Payment Date of 26
May 2025 (the First Floating Interest Payment
Date) and thereafter 26 February, 26 May, 26
August and 26 November in each year up to and
including the Maturity Date/Optional
Redemption date (and the Maturity
Date/Optional Redemption Date) or, if such day
is not a Business Day, the Business Day on which
the interest will be paid, as determined in
accordance with the Applicable Business Day
Convention
Last Day to Register: By 17h00 on 20 February, 20 May, 20 August and
20 November, or if such day is not a Business
Day, the Business Day preceding each Books
Closed Period, in each year until the Maturity
Date/Optional Redemption Date
Books Close: 21 February to 25 February, from 21 May to 25
May, from 21 August to 25 August and from 21
November to 25 November of each year until
the Maturity Date/Optional Redemption date
Business Day Convention: Modified Following Business Day
Maturity Date: 26 February 2035
Optional Redemption Date: 27 February 2030 (being 5 years and 1 day from
Issue Date) and every Floating Interest Payment
Date thereafter, subject to the Terms and
Conditions and the applicable Regulatory
Capital Regulations
Final Redemption Amount: 100% of the outstanding Nominal Amount (after
taking account of any Write-Off required
pursuant to the Contractual Write-Off
Condition)
Other: The pricing supplement contains additional
terms and conditions to the terms and
conditions as contained in the Programme
Summary of Additional Terms: Please refer to the provisions regarding
redemption/maturity, the trigger event and the
use of proceeds as contained in the pricing
supplement
Programme Amount: R 25 000 000 000.00
Total Notes in Issue Under Programme: As at the Issue Date, the Issuer has issued Notes
in the aggregate total Nominal Amount of
R1,269,000,000.00 under the Programme dated
29 June 2023 including the issuance of Notes
under this Applicable Pricing Supplement. Other
than the issuance of the Notes described herein,
no other Notes have been issued under the
Programme, as at the Issue Date
Dealer: FirstRand Bank Limited, acting through its Rand
Merchant Bank division
24 February 2025
Debt sponsor
The Standard Bank of South Africa Limited
Date: 24-02-2025 02:45:00
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