ABSA Group Limited Notice of Redemption and Cancellation of Listing (2407T)
16 Mars 2023 - 1:26PM
UK Regulatory
TIDM41OJ
RNS Number : 2407T
ABSA Group Limited
16 March 2023
Notice of Optional Redemption to Holders of
U.S.$400,000,000 Fixed Rate Reset Callable Subordinated Tier 2
Notes due 2028
(ISIN XS1799058174, Common Code 179905817)
(the "Notes")
South Africa, 16 March 2023
Capitalised terms used herein shall, unless the context
otherwise requires, have the meanings given to them in the terms
and conditions of the Notes set out in the Prospectus dated 23
April 2018 (the "Conditions").
NOTICE IS HEREBY GIVEN by Absa Group Limited (the "Issuer") to
the Noteholders of the above Notes that the Issuer hereby, pursuant
to Condition 5(d) (Redemption at the option of the Issuer), elects
to redeem all of the aggregate principal amount outstanding of the
Notes equal to U.S.$400,000,000 on the Call Date (as defined
below). The Issuer is redeeming the Notes at their Current
Principal Amount (being 100% of the principal amount of the Notes)
(the "Redemption Price") together with accrued but unpaid interest
up to (but excluding) the Call Date (as defined below).
The redemption date for the Notes will be 25 April 2023 (the
"Call Date").
Following the payment by the Issuer of the Redemption Price in
respect of each Note, the Notes shall be redeemed and the Issuer
shall have no further obligations to Noteholders in respect of the
Notes.
The Issuer will request the London Stock Exchange plc to cancel
the listing of the Notes on the Official List of the FCA and the
admission to trading on the Regulated Market of the London Stock
Exchange plc effective 26 April 2023.
This notice is given to the Noteholders in accordance with
Condition 14 (Notices) of the Conditions.
The Issuer has received the written approval of the South
African Prudential Authority to redeem the Notes.
Absa Group Limited
CONTACTS
Inquiries: Absa Group Limited Investor Relations
Email: IR@absa.africa
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END
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