The Standard Bank of South Africa Limited: Corporate Action Announcement – “SBRN011”

The Second Interim Period in respect of the SBRN010 Notes ends on 12 December 2024. The Total First Interim Redemption Amount will be paid on 19 December 2024.
On 19 December 2024, Standard Bank will pay ZAR3750.00 per Note (“the Total Second Interim Redemption Amount”) to the holders of SBRN010 Notes. Since the Second Interim Redemption Amount includes repayment of 25% of the capital repayments of the initial purchase price of the Notes, the Issuer will on 19 December 2024 reduce the base costs of the Notes (that is the specified denomination of the Notes) to ZAR2750.00 per Note to account for the reduction in the initial capital used to purchase the Notes.
First Interim Period
Maturity Date:                  19 December 2024.
Total Second Interim Redemption Amount, per Note:  ZAR1 562.50 (comprising):
Capital Reduction amount
(ZAR5 000.00 Per Note):           ZAR1 250.00
Fixed Coupon (25% Return on the Notional Amount (ZAR5000.00 Per Note):      ZAR312.50
Last Day to Trade:        12 December 2024,
Ex-date:                           13 December 2024
Record Date:                 18 December 2024
Payment Date:               19 December 2024
For the full document click the link below:
Standard Bank Group Limited
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