Mon 16 Oct 2023, 10:15 | | New Financial Instrument Listing Announcement - “CLN990” |
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New Financial Instrument Listing Announcement - “CLN990”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - ??CLN990??
Stock Code: CLN990
ISIN Code: ZAG000200296
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN987 Senior Unsecured Floating Rate
Credit Linked Notes due 20 December 2028 - 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) ZAR77,754,085,234.52
Full Note details are as follows:
Issue Date: 17 October 2023
Nominal Issued: ZAR40,000,000.00
Coupon Rate: three month ZAR-JIBAR-SAFEX
plus 3.02% per the
Applicable Pricing
Supplement.
Coupon Indicator: Floating Rate Notes -
Floating
Interest Determination Dates: Each 20 March, 20 June, 20
September and 20 December of
each year, commencing on the
Issue Date.
Trade Type: Price
Issue Price: 100%
Maturity Date: 20 December 2028
Interest Commencement Date: Issue Date
First Interest Payment Date: 20 December 2023
Interest Payment Dates: Each 20 March, 20 June, 20
September and 20 December of
each year until the Maturity
Date, with the first
Interest Payment Date being
20 December 2023.
Business Day Count/Convention: Actual/365(Fixed) and
Following Business Day
Books Close: From each 15 March, 15 June,
15 September and 15 December
until the applicable
Interest Payment Date
Last day to register: 17h00 on 14 March, 14 June,
14 September and 14
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 16 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: 16-10-2023 10:15:00
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