ABSA BANK LIMITED Granted Listing for “AMB323” Note

  • ABSA BANK LIMITED has received a financial instrument listing from The JSE Limited for its "AMB323" note under the Master Structured Note Programme Memorandum.
  • The "AMB323" note is an index-linked note that offers exposure to the SGI Global Equity Risk Premia 15% Risk Control Index.
  • With an authorised programme size of R60,000,000,000.00, the total notes in issue, including this tranche, amount to R58,030,916,012.54, showcasing investor confidence in ABSA BANK LIMITED.
Published by
Lethabo Ntsoane

ABSA BANK LIMITED, has been granted a financial instrument listing by The JSE Limited for its “AMB323” note under the Master Structured Note Programme Memorandum. This new listing expands the bank’s offerings and provides investors with an opportunity to diversify their portfolios.

The Master Structured Note Programme, which can be accessed on ABSA BANK LIMITED’s official website (https://www.absa.africa/absaafrica/investor-relations/debt-investors/), outlines the terms and conditions of the note, ensuring transparency and clarity for potential investors.

The “AMB323” note falls under the category of index-linked notes, offering investors exposure to the SGI Global Equity Risk Premia 15% Risk Control Index. This index is designed to capture risk premiums associated with equity investments while incorporating risk management mechanisms to protect investors’ interests.

With an authorised programme size of R60,000,000,000.00, the total notes in issue, including this tranche, amount to R58,030,916,012.54. This significant issuance showcases the confidence of investors in ABSA BANK LIMITED and the attractiveness of the note within the market.

Key details of the “AMB323” note are as follows:

Instrument TypeIndex-Linked Notes
Authorised Programme SizeR60,000,000,000.00
Total Notes in IssueR58,030,916,012.54 (including this tranche)
IndexSGI Global Equity Risk Premia 15% Risk Control
Listing DateJuly 7, 2023
Issue Size39,703
Issue Price (ZAR)1,000
Maturity DateJuly 7, 2028
JSE Long CodeABMBMB323-07JULY2028
JSE Short CodeABMBMB323
JSE Alpha CodeAMB323
ISINZAE000324414
SectorSpecialised Securities
Sub-SectorInvestment Products

As a Debt Sponsor, Absa Corporate and Investment Bank, a division of Absa Bank Limited, will oversee the management and compliance of the “AMB323” note throughout its lifespan.

This new financial instrument listing reflects ABSA BANK LIMITED’s commitment to providing innovative investment opportunities for its clients. The “AMB323” note offers investors a chance to participate in the SGI Global Equity Risk Premia 15% Risk Control Index, a unique investment option in the market.

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo