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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
FNCL
PRCD
ABGSJ
Absa Group Ltd (fka Barclays Africa Group Ltd)$300
1EMEA
May 12, 2026
currency
USD
size (m)
300.000
maturity
-
type
Fixed Rate Reset
tenor
Perp
call
7.00
registration
Reg S Only
benchmark
-
ranking
Additional Tier 1
moody's
B2
s&p
-
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
7.875% area
ipt-pxd
-50
guidance
n/a - straight to launch
spread
-
coupon
7.375%
spread set
-
price
100.00000
yield
7.375%
book size (m)
1,500
peak book (m)
1,600
x-covered
5
book attrition
-6.25%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,500
peak book (m)
1,600
x-covered
5
book attrition
-6.25%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1500; First Pay: 2026-11-19; Redemption: 2033-05-19; Registration: Reg S Only; Comments: Tax Call: Yes. Par Call: 6m. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: 2138006IPPRD4N6XLT30;
Use of Proceeds
The net proceeds of the issue of the Notes will be used by the Issuer for its general corporate purposes and to optimise the Issuer's regulatory capital base, including the redemption of the Issuer’s outstanding U.S.$500,000,000 Fixed Rate Reset Write-Off Notes (ISIN: XS2339102878) as described in the call notice dated 6 May 2026 published by the Issuer