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The Standard Bank of South Africa Limited
Corporate Action Announcement - “SBRN09”
Stock Code: SBRN09
ISIN Code: ZAE000299962
The First Interim Period is maturing on 15 June 2022. Due to the
5-day settlement period between the Trade Date and the Issue
Date, the First Interim Redemption Amount will be paid on
23 June 2022 applying the same 5-day settlement period between
the Maturity Date of the First Interim Period, that is
15 June 2022, and the Payment Date of the First Interim
Redemption Amount, that is 23 June 2022.
On 23 June 2022, Standard Bank will pay ZAR5 450 000.00 (“the
First Interim Payment Amount”) to the holders of SBRN09 Notes.
Since the First Interim Payment Amount includes 25% of the
capital of the initial purchase price of the Notes, the Issuer
will on 24 June 2022 reduce the base costs of the Notes (that
is the specified denomination of the Notes) to ZAR 3750.00 per
Note to account for the reduction in the initial capital used
to purchase these Notes.
First Interim Period
Maturity Date 15 June 2022
First Interim Payment Amount: ZAR5 450 000.00
Capital Redemption amount ZAR5 000 000.00
Interest Earned (9% Coupon) ZAR 450 000.00
Last Day To Trade: 13 June 2022
First Interim Payment Amount
Settlement Date: 23 June 2022
EX Date: 14 June 2022
Record Date for First Partial
Redemption of the Notes: 17 June 2022.
Dated: 13 June 2022
Sponsor – The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Johann Erasmus SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za
