| Tue 15 Oct 2019, 9:34 | | SBK20-Redemption of the SBK20 |
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SBK20-Redemption of the SBK20:
The Standard Bank of South Africa Limited
Issuer Code: BISTDB
Stock Code: SBK20
ISIN Code: ZAG00121781
Redemption of ZAR 2,250,000,000 Subordinated Unsecured Tier 2
Notes due 2 December 2024
On 2 December 2014, The Standard Bank of South Africa Limited
("Standard Bank") issued ZAR 2,250,000,000 Subordinated Unsecured
Tier 2 Notes due 2 December 2024 (the "SBK20 Notes").
The SBK20 Notes are subject to the terms and conditions contained
in the Programme Memorandum dated 25 November 2014 (the "Programme
Memorandum") as read together with the Applicable Pricing
Supplement issued in respect of the SBK20 Notes dated 2 December
2014 (the "Applicable Pricing Supplement").
In terms of the Applicable Pricing Supplement, the maturity date
of the SBK20 Notes is 2 December 2024, unless redeemed early at
the option of Standard Bank on 2 December 2019, subject to the
prior written approval of the Prudential Authority.
Pursuant to Condition 50(a) of the Applicable Pricing Supplement
and having obtained the requisite prior written approval from the
Prudential Authority, Standard Bank hereby gives notice that it
shall redeem the SBK20 Notes on 2 December 2019 at 100% of the
aggregate nominal amount thereof, together with any interest
accrued thereon up until that date.
Last Day to Register 17h00 on Friday, 22 November
2019
Books Closed Monday, 25 November 2019
Payment Day Monday, 2 December 2019
Dated 15 October 2019
For further information contact:
Standard Bank
Jan Brits
Tel +27 11 415 4344
Email: jan.brits2@standardbank.co.za
Debt Sponsor: Standard Bank
Date: 15/10/2019 09:34:00
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