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THE STANDARD BANK OF SOUTH AFRICA LIMITED - SBK17-Redemption of ZAR2,000,000,000 Subordinated Unsecured Secondary Capital Notes due 30 July 2024

Release Date: 04/06/2019 09:28
Code(s): SBK17     PDF:  
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SBK17-Redemption of ZAR2,000,000,000 Subordinated Unsecured Secondary Capital Notes due 30 July 2024

The Standard Bank of South Africa Limited
Redemption of ZAR2,000,000,000 Subordinated Unsecured Secondary
Capital Notes due 30 July 2024

THE STANDARD BANK OF SOUTH AFRICA LIMITED - BISTDB

Stock Code: SBK17
ISIN Code: ZAG000097619


On 30 July 2012, The Standard Bank of South Africa Limited
(“Standard Bank”) issued ZAR 2,000,000,000 Subordinated Unsecured
Secondary Capital Notes due 31 July 2024 (the “SBK17 Notes”).
The SBK 17 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 SBK17 Notes dated 25 July 2012
(the “Applicable Pricing Supplement”).
In terms of the Applicable Pricing Supplement, the maturity date
of the SBK17 Notes is 30 July 2024, unless redeemed early at the
option of Standard Bank on 30 July 2019, subject to the prior
written approval of the Prudential Authority.
Pursuant to Condition 51(a) of the Applicable Pricing Supplement
and having obtained the requisite prior written approval from the
Prudential Authority, Standard Bank hereby gives notice that it
shall redeem the SBK17 Notes on 30 July 2019 at 100% of the
aggregate nominal amount thereof, together with any interest
accrued thereon up until that date.

Last Day to Register               17h00 on Friday, 19 July 2019
Books Closed                       Saturday, 20 July 2019
Payment Day                        Tuesday, 30 July 2019

Dated 4 June 2019

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

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