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SBK22-Early Note Redemption

2020/04/08 08:30:17

Stock report 

                    
SBK22-Early Note Redemption: 
SBK22-Early Note Redemption

The Standard Bank of South Africa Limited

Redemption of ZAR 1,000,000,000 Subordinated Unsecured Tier 2
Notes due 28 May 2025

THE STANDARD BANK OF SOUTH AFRICA LIMITED - BISTDB

Stock Code: SBK22
ISIN Code: ZAG000126442

On 28 May 2015, The Standard Bank of South Africa Limited
(“Standard Bank”) issued ZAR 1,000,000,000 Subordinated Unsecured
Tier 2 Notes due 28 May 2025(the “SBK22 Notes”).
The SBK22 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 SBK22 Notes dated 25 May 2015
(the “Applicable Pricing Supplement”).
In terms of the Applicable Pricing Supplement, the maturity date
of the SBK22 Notes is 28 May 2025, unless redeemed early at the
option of Standard Bank on 28 May 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 SBK22 Notes on 28 May 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 Monday, 18 May 2020
Books Closed                        Tuesday, 19 May 2020
Payment Day                         Thursday, 28 May 2020

Dated 8 April 2020

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

Date: 08-04-2020 08:00:00
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