Absa Bank Partially Delists NEWSLV Notes in Strategic Move

  • Absa Bank Limited has partially redeemed and de-listed 6,000,000 NewWave Silver Exchange Traded Notes (NEWSLV) from the JSE Limited's main board.
  • Following the redemption, there will be a total of 105,354,452 NEWSLV Notes remaining in circulation.
  • The decision reflects Absa Bank Limited's strategic evaluation of its investment portfolio and its commitment to adapt to market demands and optimize offerings.
Absa Bank

Absa Bank Limited has announced the partial redemption and de-listing of 6,000,000 NewWave Silver Exchange Traded Notes (NEWSLV) from the Exchange Traded Note sub-sector of the main board of the JSE Limited. This decision, effective immediately, will result in a total of 105,354,452 NEWSLV Notes remaining in circulation.

The move to partially de-list the NEWSLV Notes comes as Absa Bank Limited’s Corporate and Investment Banking division undertakes a strategic evaluation of its investment portfolio. With a focus on meeting market demands and optimizing its offerings, the bank aims to maintain a dynamic and responsive approach to the ever-evolving financial landscape.

Absa Bank Limited has built a reputation as a leading financial institution in South Africa, consistently providing innovative investment products and services to its clients. The NewWave Silver Exchange Traded Notes were introduced to offer investors convenient and accessible exposure to the silver market.

Exchange Traded Notes (ETNs) represent a type of debt security that enables investors to gain exposure to various underlying assets or indices. These notes trade on stock exchanges and derive their value from the performance of the underlying assets. The partial redemption and de-listing of the NEWSLV Notes suggest a strategic adjustment by Absa Bank Limited to its investment offerings, potentially driven by market conditions or evolving investor preferences.

Investors who currently hold the redeemed NEWSLV Notes will need to carefully evaluate their investment strategies in light of this development. The partial redemption may have been influenced by factors such as market conditions, investor demand, or the bank’s internal risk management considerations.

Visited 1 times, 1 visit(s) today
Do you have a news tip for Rateweb reporters? Please email us at


Start trading with a free $30 bonus

Trade stocks, forex, commodities, metals and CFDs on stock indices with an internationally licensed and regulated broker. For all clients who open their first real account, XM offers a $30 trading bonus without any initial deposit needed. Learn more about how you can trade over 1000 instruments on the XM MT4 and MT5 platforms from your PC and Mac, or from a variety of mobile devices.


Personal Financial Tools

Below is a list of tools built to assist South Africans to make the best financial decisions:



South Africa’s primary source of financial tools and information

Contact Us



Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.