| Wed 11 Oct 2023, 10:35 | | New Financial Instrument Listing Announcement - “CLN986” |
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New Financial Instrument Listing Announcement - “CLN986”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN986”
Stock Code: CLN986
ISIN Code: ZAG000200155
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN986 Senior Unsecured Floating Rate
Notes due 31 March 2032 - sponsored by The Standard Bank of
South Africa Limited, under its Structured Note Programme.
Authorised Programme size ZAR120,000,000,000
Total notes issued
(including current issue) ZAR 76,254,071,379.52
Full Note details are as follows:
Issue Date: 12 October 2023
Nominal Issued: ZAR350,000,000
Coupon Rate: Floating Rate Notes – three
month ZAR-JIBAR-SAFEX plus
1.625%;
Coupon Indicator: Floating Rate Notes -
Floating
Interest Determination Dates: Each 31 March, 30 June, 30
September and 31 December of
each year, commencing on the
Issue Date(but excluding)
the Maturity Date.
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 March 2032
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 December 2023
Interest Payment Dates: Each 31 March, 30 June, 30
September and 31 December of
each year until the Maturity
Date, with the first
Interest Payment Date being
31 December 2023.
Business Day Count/Convention: Actual/365(Fixed) and
Following Business Day
Books Close: From each 26 March, 25 June,
26 September and 26 December
until the applicable
Interest Payment Date
Last day to register: 17h00 on 25 March, 24 June,
24 September and 25
December of each year until
the Maturity Date. If such
day is not a Business Day,
the Business Day before
each Books Closed Period
until the Maturity Date
Placement Agent: The Standard Bank of South
Africa Limited
Debt Security subject
to guarantee; security
or credit enhancement: Not Applicable
Additional Terms and Conditions: Investors should study the
Pricing Supplement for full details of the specific terms and
conditions applicable to this specific issuance.
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
Dated 11 October 2023
Sponsor – The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Johann Erasmus SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za
Date: 11-10-2023 10:35:00
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