LAND & AGRICULTURAL DEV BANK OF SA - LBK27-Tap Issue

LBK27-Tap Issue

LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA
(“the Issuer””)


LBK27 TAP ISSUE


INSTRUMENT TYPE:                           FLOATING RATE NOTE



Tap Amount                               R 750,000,000.00

Total Amount Following Tap Issue         R 2,020,000,000.00



Bond Code                  LBK27

Nominal Issued             R 750,000,000.00

Issue Price                101.42301%

Coupon                     9.275% (3 Month JIBAR as at 19 March 2018
                           of 7.125% plus 215bps)

Coupon Rate Indicator      Floating

Trade Type                 Price

Final Maturity Date        23 March 2023

Books Close Date(s)        13 March, 13 June, 13  September, 13 December

Interest Payment Date(s)   23 March, 23 June,   23 September, 23 December

Last Day to Register       12 March, 12 June, 12 September, 12 December

Issue Date                 18 May 2018

Date Convention            Following

Interest Commencement Date 23 March 2018

First Interest Date        23 June 2018

ISIN No.                   ZAG000150335

Additional Information    Senior Unsecured Floating Rate Notes

Pursuant to paragraph 4.16(b) of the JSE Debt Listings Requirements,
noteholders are advised that there was no material change in the
issuer’s financial or trading position since the end of the last
financial period.

Noteholders are also advised that the Pricing Supplement does not
contain any additional terms and conditions or changes to the terms
and conditions under the Programme Memorandum.




17 May 2018
Debt Sponsor
The Standard Bank of South Africa Limited

For further information on the notes issuance please contact:

Kea Sape        SBSA                  (011) 721 5594

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