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STANDARD BANK GROUP LIMITED - SBT204-Early Redemption

Release Date: 04/03/2024 08:00
Code(s): SBT204     PDF:  
Wrap Text
SBT204-Early Redemption

STANDARD BANK GROUP LIMITED
(REGISTRATION NUMBER 1969/017128/06)

Stock Code: SBT204 - ISIN Code:   ZAG000158684

Redemption of ZAR 1,000,000,000 Subordinated Unsecured Tier 2 Notes
issued on 15 April 2019 under the Standard Bank Group Limited's
ZAR 50 000 000 000 Domestic Medium Term Note Programme dated 13 November
2018.

On 15 April 2019, Standard Bank Group Limited ("Standard Bank") issued
ZAR 1,000,000,000 Subordinated Unsecured Tier 2 Notes (the "SBT204
Notes").
The SBT204 Notes are subject to the terms and conditions contained in
the Programme Memorandum dated 13 November 2018 (the "Programme
Memorandum") as read together with the Applicable Pricing Supplement
issued in respect of the SBT204 Notes dated 11 April 2019 (the
"Applicable Pricing Supplement").
In terms of the Applicable Pricing Supplement, the maturity date of the
SBT204 Notes is 16 April 2029, unless redeemed early at the option of
Standard Bank on 16 April 2024, subject to the prior written approval
of the Prudential Authority.
Pursuant to Condition 34 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
SBT204 Notes on 16 April 2024 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 Friday, 05 April 2024
Books Closed             Monday, 08 April 2024
Payment Day              Tuesday, 16 April 2024


Dated 4 March 2024

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

Debt Sponsor: Standard Bank

Date: 04-03-2024 08:00:00
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