Absa seeks noteholder consent to shift ASC203 benchmark from 3-month JIBAR to compounded ZARONIA

• Absa Group’s bank unit launched a written-consent process to amend the ASC203 instrument terms under its Master Structured Note Programme.
• Changes would shift the benchmark reference rate from 3-Month JIBAR to Compounded ZARONIA as part of South Africa’s benchmark reform.
• The margin would reset to 154.19 basis points from 138 basis points, reflecting a fixed 16.19 basis-point credit adjustment spread.
• The revised terms would adopt a five-business-day lookback period, with other technical changes to implement the benchmark transition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Absa Group Limited published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S604426), on October 06, 2026, and is solely responsible for the information contained therein.