THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - LBK22 Update on Interest and Principal Payment Johannesburg Stock Exchange

LBK22 – Update on Interest and Principal Payment – Johannesburg Stock Exchange

The Land and Agricultural Development Bank of South Africa


(JSE Code: BILB)


(“Land Bank” or “the Issuer”)


LBK22 – Update on Interest and Principal Payment – Johannesburg Stock Exchange


In the SENS announcement dated 7 Aug 2020, the Land Bank indicated that it will commence interest
payments when they become due and payable in accordance with the terms of each underlying
agreement.


Notes which have matured (scheduled maturity) will continue to bear interest as per the contractual
rate. Coupons on LBK22 will be paid as follows:

                                                       Interest
 Bond Code       ISIN No            Payment Date                    Payment
                                                       Rate
 LBK22           ZAG000146317        04-Sep-20         5.5330%      Interest



Coupons on LBK22 will be settled but the maturity value will remain outstanding. The maturity amount
will bear interest at a contractual rate. The last coupon period contractual rate was 5.5330%p.a.
(3.9830% + 155bps) and that rate will be applied on a simple interest basis from maturity to the date of
the Liability Solution.


Noteholders and potential investors are advised to continue to exercise caution when dealing in the
Land Bank’s notes and securities.


4 September 2020


Enquiries


Land and Agricultural Development Bank of South Africa
Ayanda Kanana, Chief Executive Officer
Khensani Mukhari, Chief Financial Officer
Rebecca Phalatse, General Manager: Marketing and Communications – Tel: 074 159 6833

Debt Sponsor

The Standard Bank of South Africa Limited, acting through its Corporate and Investment Banking
division (registration number: 1962/000738/06)
Contacts:
Ms Natalie Di-Sante
Email: Natalie.di-sante@standardbank.co.za; Tel: +27 (0) 11 721 6125

Date: 04-09-2020 12:24:00
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