ABSA BANK LIMITED (Registration number 1986/004794/06) has issued a notice regarding the redemption of its financial instrument, AMB285. Noteholders and investors in South Africa are urged to take note of the important dates and details associated with this redemption process.
Key Details of AMB285 Redemption:
Aspect | Details |
---|---|
JSE Short Code | ABMBSN285 |
JSE Alpha Code | AMB285 |
JSE Long Code | ABMBSN285-05September2023 |
ISIN | ZAE000267530 |
Initial Issue Size | 10,532 |
Payment per unit* | R1,057.37256 |
Last Date to Trade | Tuesday, 12 September 2023 |
Suspension | Wednesday, 13 September 2023 |
Record Date | Friday, 15 September 2023 |
Payment Date* | Monday, 18 September 2023 |
Termination Date | Tuesday, 19 September 2023 |
*Note: All settlements occur outside of Strate.
AMB285, a financial instrument issued by ABSA BANK LIMITED, is set to undergo redemption. This move signals a significant financial event that will affect noteholders and investors in the South African market.
Important Dates to Remember:
ABSA BANK LIMITED has taken measures to provide clear guidance to note holders and investors throughout this process. The Debt Sponsor for this financial instrument, Absa Corporate and Investment Bank, is overseeing the redemption to ensure a smooth and efficient transition.
Investors and note holders are encouraged to review their portfolios, take note of these critical dates, and follow any additional instructions provided by the issuer or the Debt Sponsor.
As South Africa’s financial landscape continues to evolve, ABSA BANK’s redemption of AMB285 is a notable event that reflects the dynamic nature of the country’s financial markets. Stay informed, and make sure to take the necessary steps to navigate this financial transition effectively.
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