Announcement of amendments in respect of CLN577
THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER
1962/000738/06) – Announcement of amendments in respect of
CLN577
NOTICE IS GIVEN TO ALL HOLDERS OF CLN577 ZAR47,940,060.24
iTRAXX® EUROPE CROSSOVER SERIES 31 LISTED NOTE DUE 20 JUNE 2024
(Stock Code: CLN577 and ISIN Code: ZAG000158437) (the “Note”)
issued in terms of The Standard Bank of South Africa Limited’s
Structured Note Programme (the “Programme”)) on 05 April 2019.
Capitalised terms used and not otherwise defined in this
announcement have the meaning given to them in the Pricing
Supplement of the Note, as read with the Programme Memorandum.
Pursuant to the Bankruptcy Credit Event which occurred in
respect of Selecta Group B.V. (“Selecta”), as advised in an
announcement dated 28 October 2020, the Pricing Supplement will
be amended as follows:
1. the amount by which the Aggregate Nominal Amount is to be
reduced is ZAR397,871.82, such that the Aggregate Nominal
Amount will be amended to ZAR47,542,188.42;
2. the Nominal Amount of the Affected Portion (being the Portion
relating to Selecta) will be amended to ZAR268,628.18;
3. the Margin of the Affected Portion is amended to: 0.525%; and
4. the record date is 27 October 2020.
Notice is given to Noteholders for information purposes only.
No action is required by Noteholders.
Dated 03 November 2020
Sponsor – The Standard Bank of South Africa Limited
For further information on the Note issued please contact:
Johann Erasmus SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za
Date: 03-11-2020 03:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
