| Mon 3 Feb 2025, 14:00 | | New Financial Instrument Listing Announcement - “SBC100” |
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New Financial Instrument Listing Announcement - “SBC100”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC100"
Stock Code: SBC100
ISIN Code: ZAG000212226
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC100 Senior Unsecured Mixed Rate Credit
Linked Notes 20 June 2034- 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) ZAR102,054,370,108.70
Full Note details are as follows:
Issue Date: 04 February 2025
Nominal Issued: ZAR100,000,000
Coupon Rate: In respect of each Interest
Period from, and including:
(i) the Issue Date until, but
excluding, 20 December 2029:
three month ZAR-JIBAR-SAFEX
plus 2.45% quarterly (with a
maximum interest rate of
10.24%); and
ii) 20 December 2029 until,
but excluding, the Maturity
Date: Fixed 11.40% semi-
annually.
Coupon Indicator: Fixed Rate Notes – Fixed
Floating Rate Notes -
Floating
Interest Determination Dates: In respect of:
Fixed Rate Notes – Not
Applicable
Each 20 March, 20 June, 20
September, 20 December of
each year until (and
including) 20 December 2029
with the first Interest
Payment Date being 20 March
2025.
Trade Type: Price
Issue Price: 100%
Maturity Date: 20 June 2034
Interest Commencement Date: Issue Date
First Interest Payment Date: 20 March 2025
Interest Payment Dates: In respect of:
Fixed Rate Notes – Each 20
June and 20 December of each
year until the Maturity
Date, with the first
Interest Payment Date being
20 June 2030 or, 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 (as specified
in this Applicable Pricing
Supplement).
Floating Rate Notes – Each
20 March, 20 June, 20
September, 20 December of
each year until (and
including) 20 December 2029
with the first Interest
Payment Date being 20 March
2025, 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 (as specified in
this Applicable Pricing
Supplement).
Business Day Count/Convention: Actual/365(Fixed)and
Following Business Day.
Books Close: The Books Closed Period
(during which the Register
will be closed) will be 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, or if
such day is not a Business
Day, the Business Day before
each Books Closed Period.
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 03 February 2025
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: 03-02-2025 02:00:00
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