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 Type | Index-Linked Notes |
|---|---|
| Authorised Programme Size | R60,000,000,000.00 |
| Total Notes in Issue | R58,030,916,012.54 (including this tranche) |
| Index | SGI Global Equity Risk Premia 15% Risk Control |
| Listing Date | July 7, 2023 |
| Issue Size | 39,703 |
| Issue Price (ZAR) | 1,000 |
| Maturity Date | July 7, 2028 |
| JSE Long Code | ABMBMB323-07JULY2028 |
| JSE Short Code | ABMBMB323 |
| JSE Alpha Code | AMB323 |
| ISIN | ZAE000324414 |
| Sector | Specialised Securities |
| Sub-Sector | Investment 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.
