| Fri 12 Aug 2022, 9:00 | | BGT01 - Financial Instrument Early Redemption |
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BGT01 - Financial Instrument Early Redemption
Absa Group Limited (formally known as Barclays Africa Group Limited)
(Incorporated with limited liability in South Africa under registration number 1986/003934/06)
Bond Code: BGT01
ISIN Code: ZAG000146531
(“Absa Group” or the “Issuer”)
FINANCIAL INSTRUMENTS EARLY REDEMPTION BGT01
Absa Group Additional Tier 1 Notes, with stock codes BGT01 (the “Notes”) were issued with a provision
of a redemption at the option of the Issuer from 12 September 2022 (the “First Optional Redemption
Date”) or any interest payment date after the First Optional Redemption Date in accordance with
Condition 11.4 (Redemption at the option of the Issuer (Issuer Call)) of the Terms and Conditions of
the Notes (as read with the relevant Applicable Pricing Supplements).
In accordance with Condition 18 (Notices) of the Terms and Conditions of the Notes, notice is hereby
given to Noteholders of the Notes that the Issuer has exercised its option to early redeem the Notes
on 12 September 2022. Payment of the redemption amount, together with applicable interest, will be
effected on the First Optional Redemption Date.
The redemption amount of the Notes is ZAR1,500,000,000 nominal, and the nominal amount
outstanding of the Notes after the redemption will be ZAR0.00. Absa Group will remain compliant in
terms of its capital adequacy requirements subsequent to the early redemption of the Notes. Details
of the redemption amount of the Notes are detailed below:
Capital Redemption Amount Amount Outstanding of the Notes After
Capital Redemption
BGT01 ZAR1,500,000,000 ZAR0.00
12 August 2022
Debt sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 12-08-2022 09:00:00
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