THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER 1962/000738/06) –Announcement of amendments: SBC060
THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER 1962/000738/06) –Announcement of amendments: SBC060
THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER
1962/000738/06) –Announcement of amendments in respect of SBC060
NOTICE IS GIVEN TO ALL HOLDERS OF SBC060 ZAR249,047,571 S&P Dow
Jones iTRAXX® Europe Crossover Series 41 LISTED NOTE DUE
20 June 2029 (Stock Code: SBC060 and ISIN Code: ZAG000207556) (the
"Note") issued in terms of The Standard Bank of South Africa
Limited's Structured Note Programme (the "Programme")) on 31 July
2024. 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 Altice France S.A. ("Altice"), as advised in an announcement
dated 24 July 2025, the Pricing Supplement will be amended as
follows:
1. the Aggregate Nominal Amount will be amended to
ZAR248,453,796;
2. the Nominal Amount of the Affected Portion (being the Portion
relating to Altice) will be amended to ZAR2,741,225;
3. the Margin of the Affected Portion is amended to: 0.73%; and
4. the record date is 03 September 2025.
Notice is given to Noteholders for information purposes only. No
action is required by Noteholders.
Dated 02 September 2025
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: 02-09-2025 03:30:00
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