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SBK25 and SBK26-Redemption of ZAR 1,200,000,000 Subordinated Unsecured Tier 2 Notes due
25 April 2026
THE STANDARD BANK OF SOUTH AFRICA LIMITED
(REGISTRATION NUMBER 1962/000738/06)
Issuer Code: BISTDB
Stock Code: SBK25 ISIN Code: ZAG000135781
Stock Code: SBK26 ISIN Code: ZAG000135799
Stock Code: SBK25
ISIN Code: ZAG000135781
Redemption of ZAR 1,200,000,000 Subordinated Unsecured Tier 2 Notes due
25 April 2026
On 25 April 2016, The Standard Bank of South Africa Limited (“Standard
Bank”) issued ZAR 1,200,000,000 Subordinated Unsecured Tier 2 Notes due
25 April 2026(the “SBK25 Notes”).
The SBK25 Notes are subject to the terms and conditions contained in the
Programme Memorandum dated 7 December 2015 (the “Programme Memorandum”)
as read together with the Applicable Pricing Supplement issued in respect
of the SBK25 Notes dated 25 April 2016 (the “Applicable Pricing
Supplement”).
In terms of the Applicable Pricing Supplement, the maturity date of the
SBK25 Notes is 25 April 2026, unless redeemed early at the option of
Standard Bank on 25 April 2021, subject to the prior written approval
of the Prudential Authority.
Pursuant to Condition 50(a) of the Applicable Pricing Supplement and
having obtained the requisite prior written approval from the Prudential
Authority, Standard Bank hereby gives notice that it shall redeem the
SBK25 Notes on 25 April 2021 at 100% of the aggregate nominal amount
thereof, together with any interest accrued thereon up until that date.
Last Day to Register By 17h00 on Wednesday, 14 April 2021
Books Closed Thursday, 15 April 2021
Payment Day Monday, 26 April 2021
Stock Code: SBK26
ISIN Code: ZAG000135799
Redemption of ZAR 500,000,000 Subordinated Unsecured Tier 2 Notes due
25 April 2026
On 25 April 2016, The Standard Bank of South Africa Limited (“Standard
Bank”) issued ZAR 500,000,000 Subordinated Unsecured Tier 2 Notes due
25 April 2026(the “SBK26 Notes”).
The SBK26 Notes are subject to the terms and conditions contained in the
Programme Memorandum dated 7 December 2015 (the “Programme Memorandum”)
as read together with the Applicable Pricing Supplement issued in respect
of the SBK26 Notes dated 25 April 2016 (the “Applicable Pricing
Supplement”).
In terms of the Applicable Pricing Supplement, the maturity date of the
SBK26 Notes is 25 April 2026, unless redeemed early at the option of
Standard Bank on 25 April 2021, subject to the prior written approval
of the Prudential Authority.
Pursuant to Condition 50(a) of the Applicable Pricing Supplement and
having obtained the requisite prior written approval from the Prudential
Authority, Standard Bank hereby gives notice that it shall redeem the
SBK26 Notes on 25 April 2021 at 100% of the aggregate nominal amount
thereof, together with any interest accrued thereon up until that date.
Last Day to Register By 17h00 on Wednesday, 14 April 2021
Books Closed Thursday, 15 April 2021
Payment Day Monday, 26 April 2021
Dated 15 March 2021
For further information contact:
Standard Bank
Jan Brits
Email: jan.brits2@standardbank.co.za
Debt Sponsor: Standard Bank
Date: 15-03-2021 08:15:00
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