Bond AbsaBanque 0% ( ZAG000173790 ) in ZAR

AbsaBanque

100 % ⇌

South Africa

ZAG000173790 ( in ZAR )

30/03/2026

Prospectus brochure of the bond Absa Bank ZAG000173790 en ZAR 0%, maturity 30/03/2026

1 000 000 ZAR

788 000 000 ZAR

Absa Bank is a leading African financial services group offering a range of banking, wealth, and insurance solutions across various countries, primarily in Africa.

Absa Bank issued a ZAR 788,000,000 zero-coupon bond (ISIN: ZAG000173790) maturing on March 30, 2026, with a minimum trading lot of ZAR 1,000,000, currently trading at 100% of face value.

DocuSign Envelope ID: FC292077-4469-49E0-8F8F-68BAB318F622

Absa Bank Limited
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Issue of ZAR788,000,000 Unsubordinated Registered Notes with Stock Code ABFN50
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 shall prevail.
Any capitalised terms not defined in this Applicable Pricing Supplement shall have the meanings ascribed
to them in the General Terms and Conditions or the section of the Programme Memorandum headed
"Description of the Issuer", as applicable. 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
75
4.
Aggregate Principal Amount
ZAR788,000,000
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
30 March 2021
10.
Business Centre
Johannesburg
11.
Additional Business Centre
Not Applicable
12.
Principal Amount
ZAR1,000,000

DocuSign Envelope ID: FC292077-4469-49E0-8F8F-68BAB318F622
13.
Specified Denomination
Notes are subject to a minimum denomination
of ZAR1,000,000
14.
Issue Price
100%
15.
Interest Commencement Date
30 March 2021
16.
Maturity Date
30 March 2026
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
Absa Bank Limited, acting through its
Corporate and Investment Banking division
26.
Specified Office of the Settlement Agent
15 Alice Lane, Sandton, 2196
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
ZAR788,000,000
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)
30 March, 30 June, 30 September and 30
December, in each year until the Maturity Date,
commencing on 30 June 2021 and, subject to
the terms hereof, ending on 30 March 2026 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 (as specified in this
Applicable Pricing Supplement)

DocuSign Envelope ID: FC292077-4469-49E0-8F8F-68BAB318F622
(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 will
commence on (and include) the Interest
Commencement Date and end on (but exclude)
30 June 2021 (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
124bps 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)
30 March, 30 June, 30 September and 30
December in each year until the Maturity Date,
with the first Interest Determination Date being
25 March 2021
(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

DocuSign Envelope ID: FC292077-4469-49E0-8F8F-68BAB318F622
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/Fall back provisions
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 (Call 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 selling restrictions
Not Applicable
42.
Additional terms or special conditions
Not Applicable

43.
(a)
International Securities Identification
Numbering (ISIN)
ZAG000173790
(b)
Stock Code
ABFN50
44.
Financial Exchange
JSE Limited
45.
Clearing System
Strate Proprietary Limited
46.
Method of distribution
Auction
47.
If syndicated, names of managers
Not Applicable

DocuSign Envelope ID: FC292077-4469-49E0-8F8F-68BAB318F622
48.
Receipts attached?
Not Applicable
49.
Coupons attached?
Not Applicable
50.
Talons attached?
Not Applicable
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 24 November 2020 and zaAA as
rating
affirmed by Standard & Poor's on 23
November 2020. The ratings will be reviewed
annually
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 shall mean that 17h00 on 20 March, 20 June, 20 September and
the "Books Closed Period" (during which the 20 December or if such day is not a Business
Register will be closed) will 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 will be closed from 21 March to
30 March, 21 June to 30 June, 21 September to
30 September and 21 December to 30
December (all 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
Auction
61.
Authorised amount of the Programme
ZAR90,000,000,000
62.
Aggregate Outstanding Principal Amount of ZAR55,921,883,052
all 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

DocuSign Envelope ID: FC292077-4469-49E0-8F8F-68BAB318F622
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
the date of the Issuer's latest audited financial
statements dated 15 March 2021. 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 all reasonable enquiries to ascertain such facts have been made and
that this Applicable Pricing Supplement contains all 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 will 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 all 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 30 March 2021 pursuant to the Absa Bank Limited
Domestic Medium Term Note Programme. The Programme was registered with the JSE on 15 November
2019.

DocuSign Envelope ID: FC292077-4469-49E0-8F8F-68BAB318F622
ABSA BANK LIMITED

By:
________________________________ By:
______________________________

Rolf van den Heever
Deon Raju
Name: ________________________________ Name: ______________________________
Capacity: Authorised Signatory
Capacity: Authorised Signatory

3/25/2021 | 4:26:46 PM SAST
3/25/2021 | 5:13:33 PM SAST
Date: ________________________________ Date: _______________________________