SBK: 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 Deutsche Bank to lead manage a Tier II
capital bond issue. A roadshow to assess investor demand for this bond issue
commences today.
This bond issue aims to maintain SBSA`s level of capital adequacy at prudent
levels considering current growth in advances and the expected redemption of
R2.7 billion of Tier II capital during 2005.
Application will be 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;
E-mail: simon.ridley@standardbank.co.za
Norbert Hoffmann (Director: Group Capital Management)
Tel 011 636 3712; e-mail: norbert.noffmann@standardbank.co.za
Sponsor
Standard Bank
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