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ABJ08 ABJ09 ABKS05 - Listing of new financial Instruments
African Bank Limited
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
LEI: 2549008X8SL1B1J86F98
Company code: ABKI
Bond code: ABJ08 ISIN: ZAG000212705
Bond code: ABJ09 ISIN: ZAG000212713
Bond code: ABKS05 ISIN: ZAG000212721
("African Bank")
Listing Of New Financial Instruments
The JSE Limited has granted African Bank the listings of its R 489,000,000 Senior Unsecured Floating Rate Notes
due 26 February 2028 (ABJ08), R 181,000,000 Senior Unsecured Floating Rate Notes due 26 February 2030 (ABJ09)
and R 102,000,000 Subordinated Unsecured Floating Rate Tier 2 Notes due 26 February 2035 (ABKS05) under its
R25,000,000,000 Domestic Medium Term Note Programme as documented in the Restated Programme Memorandum dated
13 March 2019 (the "Programme"), effective 26 February 2025.
Debt Security Code: ABJ08
ISIN: ZAG000212705
Nominal Issued: R 489,000,000.00
Coupon Rate: 9.648% (3 month JIBAR of 7.558% plus 209 basis
points)
Maturity Date: 26 February 2028
Interest Payment Date(s): 26 February, 26 May, 26 August and 26 November
of each year until the Maturity Date
Last Day to Register: By 17h00 on 20 February, 20 May, 20 August and
20 November of each year until the Maturity Date
Books Close: The Register will be closed from 21 February to 25
February, from 21 May to 25 May, from 21 August
to 25 August and from 21 November to 25
November (all dates inclusive) in each year until the
Maturity Date
Final Maturity Amount: 100% of the Nominal Amount
Other: The pricing supplement does not contain additional
terms and conditions or changes to the terms and
conditions as contained in the Programme
Summary of Additional Terms: Not Applicable
Debt Security Code: ABJ09
ISIN: ZAG000212713
Nominal Issued: R 181,000,000.00
Coupon Rate: 10.168% (3 month JIBAR of 7.558% plus 261 basis
points)
Maturity Date: 26 February 2030
Interest Payment Date(s): 26 February, 26 May, 26 August and 26 November
of each year until the Maturity Date
Last Day to Register: By 17h00 on 20 February, 20 May, 20 August and 20
November of each year until the Maturity Date
Books Close: The Register will be closed from 21 February to 25
February, from 21 May to 25 May, from 21 August
to 25 August and from 21 November to 25
November (all dates inclusive) in each year until the
Maturity Date
Final Maturity Amount: 100% of the Nominal Amount
Other: The pricing supplement does not contain additional
terms and conditions or changes to the terms and
conditions as contained in the Programme
Summary of Additional Terms: Not Applicable
Debt Security Code: ABKS05
ISIN: ZAG000212721
Nominal Issued: R 102,000,000.00
Interest Rate: 12.008% (3month JIBAR of 7.558% plus 445 basis
points)
Interest Payment Date(s): 26 February, 26 May, 26 August and 26 November
of 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: The Register will be closed from 21 February to 25
February, from 21 May to 25 May, from 21 August to 25
August and from 21 November to 25 November (all
dates inclusive) in each year until the Maturity
Date/Optional Redemption Date
Final Maturity Amount: 100 per cent of the outstanding Nominal Amount of
each Note (calculated, if applicable, after taking
account of any Write-off required pursuant to the
Contractual Write-off Condition)
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
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 Tier 2 notes and the trigger
event provisions as contained in the pricing supplement
Type of Debt Security: Floating Rate Notes
Issue Date: 26 February 2025
Issue Price: 100%
Interest Commencement Date: 26 February 2025
Interest Determination Date(s): The first Interest Rate Determination Date is 21
February 2025 and thereafter the first Business
Day of each Interest Period
First Interest Payment Date: 26 May 2025
Business Day Convention: Modified Following Business Day
Total Notes in Issue Under Programme: As at the Issue Date (but excluding the issuance
of the ABJ04, the ABJ05 and ABKS05 Notes), the Issuer
has issued Notes in the aggregate total Nominal
Amount of R2 309 000 000.00 under the Programme
Memorandum dated 22 March 2016 and under the
Programme Memorandum dated 13 March 2019
Dealer: FirstRand Bank Limited, acting through its Rand
Merchant Bank division
Programme Amount: R 25 000 000 000.00
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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