STANDARD BANK GROUP LIMITED - TIER II BOND ISSUE BY SBSA
Standard Bank Group Limited
Incorporated in the Republic of South Africa
Registration number 1969/017128/06
JSE Share code: SBK
Namibian Share Code: SNB
ISIN: ZAE000057378
The Standard Bank of South Africa Limited (`SBSA`) has mandated Standard Bank
Corporate and Investment Banking and J.P. Morgan to lead manage a Tier II
capital bond issue of approximately R1.5 billion. A roadshow to assess investor
demand for this planned bond issue commences today.
This bond issue forms part of SBSA`s strategy to refinance R2.7 billion of
SBSA`s existing Tier II capital bonds, which are eligible to be called for
redemption during 2005 at the option of SBSA and subject to the prior written
approval of the Registrar of Banks.
Application has been made to list the bond on the Bond Exchange of South Africa.
For further information, please contact Simon Ridley (Chief Financial Officer)
tel 011 636 3756 or Norbert Hoffmann (Director: Group Capital Management) tel
011 636 3712.
Date: 01/11/2004 03:48:14 PM
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