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Redemption of ZAR 3,000,000,000 Subordinated Unsecured Tier 2 Notes - SBT201

Published: 2022-12-19 09:00:49 ET
<<<  go to JSE:SBK company page
STANDARD BANK GROUP LIMITED
REGISTRATION NUMBER 1969/017128/06)
Stock Code: SBT201   ISIN Code: ZAG000149519

Redemption of ZAR 3,000,000,000 Subordinated Unsecured Tier 2 Notes
issued on 12 February 2018 under the Standard Bank Group Limited’s
ZAR50 000 000 000 Domestic Medium Term Note Programme dated 28 November
2016

On 12 February 2018, Standard Bank Group (“Standard Bank”) issued
ZAR 3,000,000,000 Subordinated Unsecured Tier 2 Notes (the “SBT201
Notes”).
The SBT201 Notes are subject to the terms and conditions contained in
the Programme Memorandum dated 28 November 2016 (the “Programme
Memorandum”) as read together with the Applicable Pricing Supplement
issued in respect of the SBT201 Notes dated 7 February 2018 (the
“Applicable Pricing Supplement”).
In terms of the Applicable Pricing Supplement, the maturity date of the
SBT201 Notes is 13 February 2028, unless redeemed early at the option
of Standard Bank on 13 February 2023, subject to the prior written
approval of the Prudential Authority.
Pursuant to Condition 51 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
SBT201 Notes on 13 February 2023 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, 02 February 2023
Books Closed             Friday, 03 February 2023
Payment Day              Monday, 13 February 2023

Dated 19 December 2022

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

Debt Sponsor: The Standard Bank of South Africa Limited