SENS announcement for JSE listed company: JSE General
BACK TO SENS

BILB-Results of offer to Buy-Back 12% of nominal amount outstanding on notes

  Download PDF
  PRINT   Sens history

                            

BILB-Results of offer to Buy-Back 12% of nominal amount outstanding on notes

The Land and Agricultural Development Bank of South Africa

(JSE Code: BILB)

(“Land Bank” or the “Issuer”)

For release: 23 February 2021

Results of offer to Buy-Back 12% of nominal amount outstanding on notes with bond code LBK38 issued in terms of Domestic Medium Term Note (“DMTN”)
programmes listed on the JSE

In the SENS announcements dated 11 January 2021 and 15 January 2021 (together the “Buy-Back SENS announcements”), Land Bank extended an invitation to
noteholders to offer to sell 12% of the aggregate Nominal Amount of the Buy-Back Offer Notes, held by each Noteholder, to Land Bank. Defined terms used in this
SENS announcement shall bear the meaning as defined in the Buy-Back SENS announcements.

In relation to the Buy-Back Offer Notes with bond code:

1. LBK38, the Buy-Back Offer Invitation closed for offers to sell at 12pm, on 22 February 2021.

The Buy-Back SENS announcements stipulated that the results of the Buy-Back Offer Invitation would be disclosed to the market by way of a new SENS announcement
within 2 Business Days of the Closing Date.

Accordingly, Land Bank hereby announces the results of the Buy-Back Offer Invitation.

The following nominal amounts were offered per series and Land Bank hereby announces that these offers have been accepted by Land Bank.
2
2017 DMTN Programme
Bond ISIN Contractual Outstanding 12% of the aggregate Remaining Settlement Settlement Date
Code Maturity Date Nominal Nominal Amount (ZAR) of Outstanding Amount
Amount offered the relevant Notes held by Nominal
(ZAR) before each Noteholder, Tendered Amount (ZAR)
the Buy-Back and accepted after the Buy-
Offer Back Offer
(ZAR)

LBK38 ZAG000166240 16 February 2023 513 251 611.46 61 503 967 451 747 644.46 61 588 927 26 February 2021

Settlement of the accepted offers, are scheduled as set out above.

Noteholders and potential investors are advised to continue to exercise caution when dealing in Land Bank’s notes and securities.

Enquiries

Land and Agricultural Development Bank of South Africa

Attention: GM: Treasury

Re: Land Bank Buy-Back Offer

E-mail address: TenderOffer@landbank.co.za

Debt Sponsor

The Standard Bank of South Africa Limited, acting through its Corporate and Investment Banking division (registration number: 1962/000738/06)

Contacts: Ms Natalie Di-Sante

Email: Natalie.di-sante@standardbank.co.za

Tel: +27 (0) 11 721 6125

End

Date: 23-02-2021 08:59:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.


  Download PDF
  PRINT   Sens history
BACK TO SENS
INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / PODCASTS SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles: Advanced Search
Click a Company: