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Announcement of amendments - CLN393
THE STANDARD BANK OF SOUTH AFRICA LIMITED
(REGISTRATION NUMBER 1962/000738/06)
Announcement of amendments in respect of CLN393
NOTICE IS GIVEN TO ALL HOLDERS OF CLN393 ZAR50,000,000 iTRAXX®
EUROPE CROSSOVER SERIES 22 LISTED NOTE DUE 20 DECEMBER 2019
(Stock Code: CLN393 and ISIN Code: ZAG000120841) (the “Note”)
issued in terms of The Standard Bank of South Africa Limited’s
Structured Note Programme (the “Programme”)) on 24 October 2014.
Capitalised terms used and not otherwise defined in this
announcement have the meaning given to them in the Pricing
Supplement of the Note, as read with the Programme Memorandum.
Pursuant to the Failure To Pay Credit Event which occurred in
respect of Abengoa S.A. (“Abengoa”), as advised in an
announcement dated 15 December 2015, the Affected Portion (being
the Portion relating to Abengoa) will be amended as follows:
1. the Nominal Amount of the Affected Portion is amended to:
- ZAR1,073,408; and
2. the Margin of the Affected Portion is amended to: 1.36185%.
Notice is given to Noteholders for information purposes only.
No action is required by Noteholders.
Dated 28 January 2016
Sponsor – The Standard Bank of South Africa Limited
Further information on the Note issued please contact:
Johann Erasmus SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za
Date: 28/01/2016 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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