| Tue 17 Oct 2023, 11:57 | | New Financial Instrument Listing Announcement - “CLN985” |
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New Financial Instrument Listing Announcement - “CLN985”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - ??CLN985??
Stock Code: CLN985
ISIN Code: ZAG000200361
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN985 Senior Unsecured Floating Rate
Notes due 28 February 2035 - 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) ZAR76,254,071,379.52
Full Note details are as follows:
Issue Date: 18 October 2023
Nominal Issued: ZAR50,000,000
Coupon Rate: In respect of each Interest
Period from, and including:
(i) the Issue Date until,
but excluding, 31 August
2030: three month ZAR-JIBAR-
SAFEX plus 3.00%; and
ii) 31 August 2030 until,
but excluding, the Scheduled
Maturity Date: 11.05% nacs.
Coupon Indicator: Fixed Rate Notes – Fixed
Floating Rate Notes -
Floating
Interest Determination Dates: In respect of:
Fixed Rate Notes – Not
Applicable
Floating Rate Notes – each
28 February, 31 May, 31
August, and 30 November of
each year (and during a leap
year, the interest Rate
Determination Date will be
29 February rather than 28
February), with the first
Interest Rate Determination
Date being the Issue Date,
until (but excluding) 31
August 2030.
Trade Type: Price
Issue Price: 100%
Maturity Date: 28 February 2035
Interest Commencement Date: Issue Date
First Interest Payment Date: 30 November 2023
Interest Payment Dates: In respect of:
Fixed Rate Notes –Each 28
February and 31 August of
each year until the Maturity
Date, with the first
Interest Payment Date being
28 February 2031 and during
a leap year, the Interest
Payment Date will be 29
February
Floating Rate Notes – each
28 February, 31 May, 31
August, and 30 November of
each year until (and
including) 31 August 2030
with the first Interest
Payment Date being 30
November 2023.
Business Day Count/Convention: Actual/365(Fixed)and
Following Business Day
Books Close: From each 23 February, 26
May, 26 August and 25
November until the
applicable Interest Payment
Date
Last day to register: 17h00 on 22 February, 25
May, 25 August and 24
November 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 17 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: 17-10-2023 11:57:00
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