THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - LBK26 Update on Interest and Principal Payment

LBK26 – Update on Interest and Principal Payment

The Land and Agricultural Development Bank of South Africa


(JSE Code: BILB)


(“Land Bank” or “the Issuer”)


LBK26 – Update on Interest and Principal Payment – Johannesburg Stock Exchange


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


LBK26 matures on 23 March 2021. Interest on LBK26 will be settled in full until the Liability Solution is
implemented but the maturity value of R215 600 000.00 will remain outstanding. Land Bank will pay
monthly interest at the last contractual rate of 5.123%.


Coupon Interest will be paid on LBK26 as follows:

 Bond                     Payment               Interest
 Code        ISIN No      Date                  Rate           Payment       Coupon
 LBK26       ZAG000150327 23-Mar-21              5.123%        Interest      2 723 471.01



19 March 2021


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: 19-03-2021 02:56:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.