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THE STANDARD BANK OF SOUTH AFRICA LIMITED - Redemption Notice - SBK18 and SBK24

Release Date: 14/09/2020 07:35
Code(s): SBK24 SBK18     PDF:  
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Redemption Notice - SBK18 and SBK24

THE STANDARD BANK      OF   SOUTH   AFRICA   LIMITED   (REGISTRATION   NUMBER
1962/000738/06)
Issuer Code: BISTDB

Stock Code: SBK24     ISIN Code: ZAG000130584
Stock Code: SBK18     ISIN Code: ZAG000100827


Stock Code: SBK24
ISIN Code: ZAG000130584

Redemption of ZAR 880,000,000 Subordinated Unsecured Tier 2 Notes due
19 October 2025


On 19 October 2015, The Standard Bank of South Africa Limited (“Standard
Bank”) issued ZAR 880,000,000 Subordinated Unsecured Tier 2 Notes due
19 October 2025(the “SBK24 Notes”).
The SBK24 Notes are subject to the terms and conditions contained in the
Programme Memorandum dated 25 November 2014 (the “Programme Memorandum”)
as read together with the Applicable Pricing Supplement issued in respect
of the SBK24 Notes dated 19 October 2015 (the “Applicable Pricing
Supplement”).
In terms of the Applicable Pricing Supplement, the maturity date of the
SBK24 Notes is 19 October 2025, unless redeemed early at the option of
Standard Bank on 19 October 2020, subject to the prior written approval
of the Prudential Authority.
Pursuant to Condition 50(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
SBK24 Notes on 19 October 2020 at 100% of the aggregate nominal amount
thereof, together with any interest accrued thereon up until that date.

Last Day to Register        By 17h00 on Thursday, 08 October 2020
Books Closed                Friday, 09 October 2020
Payment Day                 Monday, 19 October 2020




Stock Code: SBK18
ISIN Code: ZAG000100827

On 24 October 2012, The Standard Bank of South Africa Limited (“Standard
Bank”) issued ZAR 3,500,000,000 Subordinated Unsecured Tier 2 Notes due
24 October 2025(the “SBK18 Notes”).
The SBK18 Notes are subject to the terms and conditions contained in the
Programme Memorandum dated 20 August 2012 (the “Programme Memorandum”)
as read together with the Applicable Pricing Supplement issued in respect
of the SBK18 Notes dated 19 October 2012 (the “Applicable Pricing
Supplement”).
In terms of the Applicable Pricing Supplement, the maturity date of the
SBK18 Notes is 24 October 2025, unless redeemed early at the option of
Standard Bank on 24 October 2020, subject to the prior written approval
of the Prudential Authority.
Pursuant to Condition 50(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
SBK18 Notes on 24 October 2020 at 100% of the aggregate nominal amount
thereof, together with any interest accrued thereon up until that date.

Last Day to Register          By 17h00 on Tuesday, 13 October 2020
Books Closed                  Wednesday, 14 October 2020
Payment Day                   Monday, 26 October 2020


Dated 14 September 2020

For further information contact:
Standard Bank
Jan Brits
Email: jan.brits2@standardbank.co.za

Debt Sponsor: Standard Bank

Date: 14-09-2020 07:35:00
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