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THE STANDARD BANK OF SOUTH AFRICA LIMITED - Redemption Of SBK 14 Tier II Capital Notes

Release Date: 04/10/2017 08:00
Code(s): SBK14     PDF:  
Wrap Text
Redemption Of SBK 14 Tier II Capital Notes

The Standard Bank of South Africa Limited - Redemption of SBK 14
Tier II Capital Notes - SBSA/SBK 14

THE STANDARD BANK OF SOUTH AFRICA LIMITED - BISTDB

Stock Code: SBK 14
ISIN Code: ZAG000091018


On 1 December 2011, The Standard Bank of South Africa Limited
(“Standard Bank”) issued ZAR 1,780,000,000 Subordinated Unsecured
Notes which qualified as Tier II capital (the “SBK 14 Notes”).
The SBK 14 Notes are subject to the terms and conditions contained
in the Programme Memorandum dated 1 December 2010 (the “Programme
Memorandum”) as read together with the Applicable Pricing
Supplement issued in respect of the SBK 14 Notes dated 28 November
2011 (the “Applicable Pricing Supplement”).
In terms of the Applicable Pricing Supplement, the SBK 14 Notes
mature on 1 December 2022, however, they are redeemable at the
option of Standard Bank on 1 December 2017, subject to the prior
written approval of the Registrar of Banks.
Pursuant to Condition 51(a) of the Applicable Pricing Supplement
and after having obtained the requisite prior written approval
from the Registrar of Banks, Standard Bank hereby gives notice
that it shall redeem the SBK 14 Notes on 1 December 2017 at the
face value thereof, together with any interest accrued thereon up
until that date.

Last Day to Register               Monday, 20 November 2017
Books Closed from                  Tuesday, 21 November 2017
Payment Date                       Friday, 1 December 2017

4 October 2017

For further information contact:
Standard Bank
Jan Brits
Tel +27 11 415 4344
Email: jan.brits2@standardbank.co.za
Sponsor: Standard Bank

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