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THE STANDARD BANK OF SOUTH AFRICA LIMITED - Financial Instrument Early Redemption (at the Option of the Issuer) Announcement - CLN867?

Release Date: 22/01/2025 12:05
Code(s): CLN867     PDF:  
Wrap Text
Financial Instrument Early Redemption (at the Option of the Issuer) Announcement - “CLN867”

The Standard Bank of South Africa Limited
Financial Instrument Early Redemption (at the Option of the
Issuer) Announcement - "CLN867"


Stock Code: CLN867
ISIN Code: ZAG000188418


On 22 July 2022, The Standard Bank of South Africa Limited
("Standard Bank") issued ZAR 110,000,000 Senior Unsecured Mixed
Rate Credit Linked Notes due 31 January 2030 (the "Notes").


The Notes are subject to the terms and conditions contained in the
Programme Memorandum dated 26 January 2021 as read together with the
Applicable Pricing Supplement issued in respect of the Notes dated
21 July 2022 (the "Applicable Pricing Supplement").


In terms of the Applicable Pricing Supplement, the Maturity Date of
the Notes is 31 January 2030, unless redeemed early at the option of
Standard Bank on 31 January 2025.

Pursuant to paragraph 57 of the Applicable Pricing Supplement,
Standard Bank hereby gives notice that it shall redeem the Notes on
31 January 2025 at the Nominal Amount, together with any interest
accrued thereon up until that date.

Last Day to Register By 17h00 on 25 January 2025
Books Closed 26 January 2025
Record date 30 January 2025
Payment Day 31 January 2025


Dated 22 January 2025

Sponsor – The Standard Bank of South Africa Limited
For further information on this Note please contact:
Johann Erasmus SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 22-01-2025 12:05:00
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