LAND & AGRICULTURAL DEV BANK OF SA - Partial Capital Redemption-LBK05
LBK05 201805150051A
Partial Capital Redemption-LBK05
LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA
(“the Land Bank”)
LBK05 ZAG000113572
Partial Capital Redemption
In accordance with the Terms and Conditions of the Land and
Agricultural Bank of South Africa R30,000,000,000.00 Domestic Medium
Term Note Programme, noteholders are advised of the Partial Capital
Redemption of the LBK05 effective on 18 May 2018.
Capital Amount Outstanding After
Redemption Amount Capital Redemption
LBK05-
ZAG000113572 R 500,000,000.00 R 252,000,000.00
The partial capital redemption is as a result of a funding transaction
with one note holder, whereby funds are effectively switched into a
longer dated investment in Land Bank bonds, i.e. LBK27 as issued on or
about 23 March 2018. This transaction had no adverse impact on the
remaining note holders of LBK05.
15 May 2018
Debt Sponsor
The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Kea Sape SBSA (011) 721 5594
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