BILB-LBK29 Partial Reduction
The Land and Agricultural Development Bank of South Africa
(JSE Code: BILB)
(the “Land Bank”)
LBK29 ZAG 000151853
Partial Redemption
In accordance with the Terms and Conditions of the Land and Agricultural Development Bank of South Africa
ZAR30 Billion Domestic Medium Term Note Programme, note holders are advised of the redemption of certain
LBK29 notes held by Land Bank, effective 30 October 2020. The details are as follows:
Buy-back amount Effective Date Outstanding Amount LBK29
Following buy-back
R9,000,000.00 30 October 2020 R765,000,000.00 ZAG 000151853
The redemption is a result of Land Bank redeeming and cancelling the LBK29 notes which were held in the
name of Land Bank in the Bank’s Sinking Fund following the liquidation of the fund. As the notes were owned
by Land Bank, no payment was made.
15 December 2020
Debt Sponsor
The Standard Bank of South Africa Limited
Date: 15-12-2020 12:14:00
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