Credit Event Announcement of amendments in respect of SBC095
Credit Event Announcement of amendments in respect of SBC095
THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER
1962/000738/06) – Credit Event Announcement of amendments in
respect of SBC095
NOTICE IS GIVEN TO ALL HOLDERS OF SBC095 ZAR24,666,750 S&P Dow
Jones iTRAXX® Europe Crossover Series 42 LISTED NOTE DUE 20
December 2029 (Stock Code: SBC095 and ISIN Code: ZAG000211699)
(the "Note") issued in terms of The Standard Bank of South Africa
Limited's Structured Note Programme (the "Programme")) on 02
January 2025. 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
ZAR24,333,250;
2. the Nominal Amount of the Affected Portion (being the Portion
relating to Altice) will be amended to ZAR 278,325;
3. the FO of the Affected Portion (being the Portion relating to
Altice) will be amended to "Not Applicable"; 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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