ASN036 201502200026A
ASN036 - Interest Rate Reset
ABSA BANK LIMITED
(Incorporated with limited liability in South Africa under registration number 1986/004794/06)
Bond Code: ASN036
ISIN Code : ZAG000121286
INTEREST RATE RESET
Notice is hereby given that the 3 month JIBAR rate as at 10 February 2015 is 6.1 % p.a. (“JIBAR”).
Accordingly, the next interest payment, payable on 11 May 2015 (**Following), for the period
#
10 February 2015 to 10 May 2015, will be calculated based on a rate of 8.1% p.a. ([I = SD*FIR*DCF]) ,
i.e.200bps over JIBAR.
** When the Interest Payment Date falls on a non business day, such Interest Payment Date shall be
postponed to the next business day.
#
where -
“I” means the relevant Interest Amount per Note;
“SD” means the Specified Denomination per note;
“FIR” means the Floating Interest Rate, as FIR= min(RR+MG,MIR); where
“min” means “the minimum of” or “the lesser of”;
“RR” means the Reference Rate, being the 3 month JIBAR rate;
“MG” means Margin of 200 basis points; and
“MIR” means the Maximum Interest Rate;
“DCF” means the Day Count Fraction being Act/365; and
* means “multiplied by”,
as set out in the Applicable Pricing Supplement.
Next reset date: 11 May 2015
20 February 2015
Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
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