| Tue 11 Oct 2011, 15:31 | | SBSA/SBK5 - The Standard Bank of South Africa Limited - Redemption of |
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SBSA/SBK5 - The Standard Bank of South Africa Limited - Redemption of
SBK5 Tier II capital notes
THE STANDARD BANK OF SOUTH AFRICA LIMITED
Stock Code: SBK5
ISIN Code: ZAG000023078
On 17 November 2004, The Standard Bank of South Africa Limited
("Standard Bank") issued ZAR2,000,000,000 Subordinated Unsecured Notes
which qualified as Tier II secondary capital notes (the "SBK5 Notes").
The SBK5 Notes are subject to the terms and conditions contained in
the Programme Memorandum dated 26 October 2004 (the "Programme
Memorandum") as read together with the Applicable Pricing Supplement
issued in respect of the SBK5 Notes dated 10 November 2004 (the
"Applicable Pricing Supplement").
In terms of the Applicable Pricing Supplement, the SBK5 Notes mature
on 17 November 2016, however, they are redeemable at the option of
Standard Bank on 17 November 2011, subject to the prior written
approval of the Registrar of Banks.
Pursuant to Condition 11.3 of the Terms and Conditions set out in the
Programme Memorandum, as read together with 47(a) of the Applicable
Pricing Supplement and, having obtained the requisite prior written
approval from the Registrar of Banks, Standard Bank hereby gives
notice that it shall redeem the SBK5 Notes on 17 November 2011 at face
value thereof, together with any interest accrued thereon up until
that date.
Last Day to Register Monday, 7 November 2011
Books Closed from Tuesday, 8 November 2011
Payment Date Thursday, 17 November 2011
Dated 11 October 2011
For further information contact:
Standard Bank
Andrew Costa
Tel (011) 378 7008
Email: andrew.costa@standardbank.co.za
Sponsor: Standard Bank
Date: 11/10/2011 15:31:24 Produced by the JSE SENS Department.
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