ABSA GROUP LIMITED ABSA BANK LIMITED
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06) (Registration number: 1986/004794/06)
ISIN: ZAE000067237 ISIN: ZAE000079810
JSE share code: ASA JSE share code: ABSP
Issuer code: AMAGB (Absa Bank)
(Absa Group or the Group)
Absa Bank Limited lists EUR 2 billion medium term note programme (EMTN) on
the London Stock Exchange and plans to issue up to EUR 500 million in senior
South African based Absa Bank, a wholly owned subsidiary of Absa Group Limited and
part of the international Barclays Group plans to issue up to EUR 500 million in its
inaugural senior unsecured bond issue. The bonds will be issued under its EMTN
programme listed on the London Stock Exchange.
The proceeds will be used for general funding purposes. The EMTN programme has
been established as part of the Absa strategy of diversifying its funding base.
The senior unsecured bonds issued under the EMTN programme have been assigned a
long-term rating of “A” by Fitch Ratings and “A2” by Moody’s.
Absa Bank has mandated Barclays Capital as sole arranger of its EMTN programme
and sole book runner for the proposed inaugural Euro denominated senior note issue.
The transaction will be launched, subject to market conditions, following investor
presentations in Europe scheduled for the end of June 2007.
14 June 2007
Group treasurer: Capital Management
Tel: (+2711) 350 8995;
Head: Investor Relations
Absa Group Limited
4th floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: (+2711) 350-4061 Fax: (+2711) 350-6487
Merrill Lynch South Africa (Proprietary) Limited