ABSA GROUP LTD
Barclays Africa Group Limited
28 February 2015
Disclosure template for main features of regulatory capital instruments | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | |
1 | Issuer | Barclays Africa Group Limited | Absa Bank Limited | Absa Bank Limited | Absa Bank Limited | Absa Bank Limited | Absa Bank Limited | Absa Bank Limited | Absa Bank Limited | Absa Bank Limited | Barclays Bank of Botswana Limited | Barclays Bank of Kenya Limited | Barclays Bank of Kenya Limited | Barclays Bank Zambia | Barclays Africa Group Limited | Barclays Africa Group Limited | Barclays Africa Group Limited | Barclays Africa Group Limited |
2 | Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement) | ZAE000174124 | ZAE000079810 | ZAG000029315 | ZAG000073669 | ZAG000077074 | ZAG000077082 | ZAG000101221 | ZAG000101239 | ZAG000101254 | BBG003BHGHR9 | BBKTR02SBFL02 | BBKTR02SBFL02 | BBG0019JPQR2 | ZAG000121476 | ZAG000121484 | ZAG000123100 | ZAG000123118 |
3 | Governing law(s) of the instrument | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended) | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended) | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). The subordinated callable notes are listed on the Bond Exchange of South Africa. | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). The subordinated callable notes are listed on the Bond Exchange of South Africa. | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). The subordinated callable notes are listed on the Bond Exchange of South Africa. | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). The subordinated callable notes are listed on the Bond Exchange of South Africa. | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). The subordinated callable notes are listed on the Bond Exchange of South Africa. | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). The subordinated callable notes are listed on the Bond Exchange of South Africa. | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). The subordinated callable notes are listed on the Bond Exchange of South Africa. | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). | Section 1 of the Banks Act, 1990 (Act no 94. of 1990) (As amended). |
Regulatory treatment | ||||||||||||||||||
4 | Transitional Basel III rules | Common Equity Tier 1 | Additional Tier 1 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
5 | Post-transitional Basel III rules | Common Equity Tier 1 | Ineligible | Ineligible | Ineligible | Ineligible | Ineligible | Ineligible | Ineligible | Ineligible | Ineligible | Ineligible | Ineligible | Ineligible | Tier 2 | Tier 2 | Tier 2 | Tier 2 |
6 | Eligible at solo/group/group&solo | Group | Solo and Group | Solo and Group | Solo and Group | Solo and Group | Solo and Group | Solo and Group | Solo and Group | Solo and Group | Group | Group | Group | Group | Group | Group | Group | Group |
7 | Instrument type (types to be specified by each jurisdiction) | Ordinary shares | Preference shares | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes | Subordinated Callable Notes |
8 | Amount recognised in regulatory capital (Currency in mil, as of most recent reporting date) | R 1 694 | R 3 251 | R 2 000 | R 1 500 | R 400 | R 600 | R 1 805 | R 2 007 | R 1 188 | R 0 | R 0 | R 0 | R 16 | R 370 | R 130 | R 1 693 | R 807 |
9 | Par value of instrument | R 1 694 | R 4 644 | R 2 000 | R 845 | R 400 | R 600 | R 1 805 | R 2 007 | R 1 188 | R 108 | R 90 | R 153 | R 102 | R 370 | R 130 | R 1 693 | R 807 |
10 | Accounting classification | Shareholders' equity | Shareholders' equity | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option | Liability - fair value option |
11 | Original date of issuance | 1986 | 2006 and 2007 | 27-Mar-06 | 10-Dec-09 | 03-May-10 | 03-May-10 | 21-Nov-12 | 21-Nov-12 | 21-Nov-12 | 09-May-08 | 14-Jul-08 | 14-Jul-08 | 18-May-09 | 18-Nov-14 | 18-Nov-14 | 04-Feb-15 | 04-Feb-15 |
12 | Perpetual or dated | Perpetual | Perpetual | Dated | Dated | Dated | Dated | Dated | Dated | Dated | Dated | Dated | Dated | Dated | Dated | Dated | Dated | Dated |
13 | Original maturity date | NA | NA | 27-Mar-20 | 07-Dec-28 | 03-May-22 | 03-May-22 | 21-Nov-22 | 21-Nov-23 | 21-Nov-23 | 09-May-15 | 14-Jul-15 | 14-Jul-15 | 18-May-16 | 19-Nov-24 | 19-Nov-24 | 05-Feb-25 | 05-Feb-25 |
14 | Issuer call subject to prior supervisory approval | NA | NA | Yes | Yes | Yes | Yes | Yes | Yes | Yes | NA | NA | NA | NA | Yes | Yes | Yes | Yes |
15 | Optional call date, contingent call dates and redemption amount | NA | NA | 27 Mar 2015, tax contingent event call, redemption amount equal to Principal amount issued | 07 Dec 2023, tax and regulatory contingent events call, nominal amount plus CPI adjustment if the amount is not less than R 845.283.052 otherwise redemption amount equal to Principal Amount issued. | 03 May 2017, tax and regulatory contingent events call, redemption amount equal to Principal Amount issued. | 03 May 2017, tax and regulatory contingent events call, redemption amount equal to Principal Amount issued. | 21 Nov 2017, tax and regulatory contingent events call, redemption amount equal to Principal Amount issued. | 21 Nov 2018, tax and regulatory contingent events call, redemption amount equal to Principal Amount issued. | 21 Nov 2018, tax and regulatory contingent events call, redemption amount equal to Principal Amount issued. | NA | NA | NA | NA | 19 Nov 2019, tax and regulatory contingent events call, redemption amount equal to Principal Amount issued | 19 Nov 2019, tax and regulatory contingent events call, redemption amount equal to Principal Amount issued | 05 Feb 2020, tax and regulatory contingent events call, redemption amount equal to Principal Amount issued | 05 Feb 2020, tax and regulatory contingent events call, redemption amount equal to Principal Amount issued |
16 | Subsequent call dates, if applicable. | NA | NA | NA | NA | NA | NA | Quarterly after the first optional call date until maturity. | Quarterly after the first optional call date until maturity. | Semiannualy after the first optional call date until maturity. | NA | NA | NA | NA | Quarterly after the first optional call date until maturity. | Semiannualy after the first optional call date until maturity. | Quarterly after the first optional call date until maturity. | Semiannualy after the first optional call date until maturity. |
Coupons / dividends | ||||||||||||||||||
17 | Fixed or floating dividend/coupon | Floating | Fixed | Fixed to floating | Floating | Floating | Fixed to floating | Floating | Floating | Fixed | Fixed | Floating | Fixed | Floating | Floating | Fixed | Floating | Fixed |
18 | Coupon rate and any related index | NA | 70% of the prime overdraft lending rate | 8.10% | 5.5 % indexed to ZAR revised CPI | 3M JIBAR+210bps | 10.28% | 3M JIBAR+195bps | 3M JIBAR+205bps | 8.2950% | 11% fixed NACS | 182 day T-bill +1% | 11.50% | 182-day T- bill+2.5% | 3M JIBAR+330bps | 10.835% | 3M JIBAR+350bps | 10.05% |
19 | Existence of a dividend stopper | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No | No |
20 | Fully discretionary, partially discretionary or mandatory | Fully discretionary | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory | Mandatory |
21 | Existence of step up or | NA | No | Yes | Yes | Yes | Yes | No | No | No | No | No | No | No | No | No | No | No |
other incentive to redeem | ||||||||||||||||||
22 | Noncumulative or cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non-cumulative | Non- cumulative | Non- cumulative |
23 | Convertible or non- convertible | NA | Non-convertible | Non-convertible | Non-convertible | Non-convertible | Non-convertible | Non-convertible | Non-convertible | Non-convertible | Non-convertible | Non-convertible | Non-convertible | Non-convertible | Non-convertible | Non-convertible | Non- convertible | Non- convertible |
24 | If convertible, conversion trigger (s) | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA |
25 | If convertible, fully or partially | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA |
26 | If convertible, conversion rate | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA |
27 | If convertible, mandatory or optional conversion | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA |
28 | If convertible, specify instrument type convertible into | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA |
29 | If convertible, specify issuer of instrument it converts into | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA |
30 | Write-down feature | No | No | No | No | No | No | No | No | No | No | No | No | No | Yes | Yes | Yes | Yes |
31 | If write-down, write- down trigger(s) | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | At SARBs discretion in accordance with Condition 11.12 of the Terms and Conditions and Regulation 38(14)(a)(i) of the Tier 2 Capital Regulations, upon the receipt by the Issuer of written notice from the Registrar of Banks of the occurrence of a Non-Viability Trigger Event | At SARBs discretion in accordance with Condition 11.12 of the Terms and Conditions and Regulation 38(14)(a)(i) of the Tier 2 Capital Regulations, upon the receipt by the Issuer of written notice from the Registrar of Banks of the occurrence of a Non-Viability Trigger Event | At SARBs discretion in accordance with Condition 11.12 of the Terms and Conditions and Regulation 38(14)(a)(i) of the Tier 2 Capital Regulations, upon the receipt by the Issuer of written notice from the Registrar of Banks of the occurrence of a Non-Viability Trigger Event | At SARBs discretion in accordance with Condition 11.12 of the Terms and Conditions and Regulation 38(14)(a)(i) of the Tier 2 Capital Regulations, upon the receipt by the Issuer of written notice from the Registrar of Banks of the occurrence of a Non-Viability Trigger Event |
32 | If write-down, full or partial | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | The Principal Amount and all accrued unpaid interest owing in respect of the Notes of this Tranche shall be written-off permanently, in full or in part on a pro rata basis (in the case of a write off in part) in accordance with the Capital Regulations and to the satisfaction of the Registrar of Banks | The Principal Amount and all accrued unpaid interest owing in respect of the Notes of this Tranche shall be written-off permanently, in full or in part on a pro rata basis (in the case of a write off in part) in accordance with the Capital Regulations and to the satisfaction of the Registrar of Banks | The Principal Amount and all accrued unpaid interest owing in respect of the Notes of this Tranche shall be written-off permanently, in full or in part on a pro rata basis (in the case of a write off in part) in accordance with the Capital Regulations and to the satisfaction of the Registrar of Banks | The Principal Amount and all accrued unpaid interest owing in respect of the Notes of this Tranche shall be written-off permanently, in full or in part on a pro rata basis (in the case of a write off in part) in accordance with the Capital Regulations and to the satisfaction of the Registrar of Banks |
33 | If write-down, permanent or temporary | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | Permanent | Permanent | Permanent | Permanent |
34 | If temporary write- down, description of write-up mechanism | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA |
35 | Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) | Columns 3 to 17, then Column 2 | Columns 3 to 17 | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes | Deposits and other general debits of the bank including non sub- ordinated notes |
36 | Non-compliant transitioned features | NA | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | NA | NA | NA | NA |
37 | If yes, specify non- compliant features | NA | Loss absorbency criteria and point of non- viability | Loss absorbency criteria and point of non- viability | Loss absorbency criteria and point of non- viability | Loss absorbency criteria and point of non- viability | Loss absorbency criteria and point of non- viability | Loss absorbency criteria and point of non- viability | Loss absorbency criteria and point of non- viability | Loss absorbency criteria and point of non- viability | Loss absorbency criteria and point of non-viability | Loss absorbency criteria and point of non-viability | Loss absorbency criteria and point of non-viability | Loss absorbency criteria and point of non- viability | NA | NA | NA | NA |
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