| Tue 18 Jun 2024, 9:46 | | New Financial Instrument Listing Announcement - “SBC042” |
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New Financial Instrument Listing Announcement - “SBC042”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC042"
Stock Code: SBC042
ISIN Code: ZAG000206319
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC042 Senior Unsecured Floating Rate
Credit Linked Notes due 31 January 2037- 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) ZAR90,368,739,592.37
Full Note details are as follows:
Issue Date: 19 June 2024
Nominal Issued: ZAR30,000,000
Coupon Rate: three month ZAR-JIBAR-SAFEX
plus 3.00%, with a maximum
interest rate of 12.50%
Coupon Indicator: Floating Rate
Interest Determination Dates: Each 31 January, 30 April,
31 July, and 31 October of
each year, commencing on the
Issue Date
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 January 2037
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 July 2024
Interest Payment Dates: Each 31 January, 30 April,
31 July, and 31 October of
each year until the Maturity
Date, with the first
Interest Payment Date being
31 July 2024 if such day is
not a Business Day, the
Business Day on which the
interest will be paid, as
determined in accordance
with the applicable Business
Day Convention
Business Day Count/Convention: Actual/365(Fixed.
Books Close: From each 26 January, 25
April 26 July and 26
October, until the
applicable Interest Payment
Date
Last day to register: 17h00 on 25 January, 24
April, 25 July and 25
October of each year, or 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 18 June 2024
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: 18-06-2024 09:46:00
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