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SBK
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) today launched two
subordinated unsecured bonds callable on 10 April 2013 and 10 April 2018
totaling R3 billion. Both bonds which qualify as regulatory Tier II
capital were issued to maintain SBSA"s capital adequacy at a prudent level
considering robust growth in assets.
The bonds were placed by Standard Bank Corporate and Investment Banking and
Deutsche Bank and will be listed on the Bond Exchange of South Africa.
Details of the bond issues are:
SBK8
. (Launch Date: 5 April 2006
. Settlement Date: 10 April 2006
. Bond Exchange Code: SBK8
. Nominal: R1.5 billion
. Maturity Date: 10 April 2018
. Coupon: Fixed at 8.20% until 10 April 2013, thereafter floating at 3-
month JIBAR plus 150bps until maturity
. Issuer"s call: 10 April 2013 or any interest payment date thereafter
at the nominal amount, subject to the prior written approval by the
Registrar of Banks
. Status: Subordinated, qualifying Tier II capital issue
. Law: South African
. Denominations: R1 million
. Placement Agents: The Standard Bank of South Africa Limited and
Deutsche Bank
. Underwriter: Deutsche Securities
SBK9
. Launch Date: 5 April 2006
. Settlement Date: 10 April 2006
. Bond Exchange Code: SBK9
. Nominal: R1.5 billion
. Maturity Date: 10 April 2023
. Coupon: Fixed at 8.40% until 10 April 2018, thereafter floating at 3-
month JIBAR plus 168bps until maturity
. Issuer"s call: 10 April 2018 or any interest payment date thereafter
at the nominal amount, subject to the prior written approval by the
Registrar of Banks
. Status: Subordinated, qualifying Tier II capital issue
. Law: South African
. Denominations: R1 million
. Placement Agents: The Standard Bank of South Africa Limited and
Deutsche Bank
. Underwriter: Deutsche Securities
For further information please contact:
Norbert Hoffmann, Director, Group Capital Management, Tel: 011 636 3712; E-
mail: norbert.hoffmann@standardbank.co.za
Simon Ridley, Chief Financial Officer, Tel: 011 636 3756; E-mail:
simon.ridley@standardbank.co.za
Date: 05/04/2006 03:05:38 PM Produced by the JSE SENS Department
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