| Wed 20 Aug 2025, 12:14 | | New Financial Instrument Listing Announcement - “SBC197” |
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New Financial Instrument Listing Announcement - “SBC197”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC197"
Stock Code: SBC197
ISIN Code: ZAG000218454
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC197 Senior Unsecured Floating Rate
Notes due 31 January 2037 - sponsored by The Standard Bank of
South Africa Limited, under its Structured Note Programme.
Authorised Programme size ZAR150,000,000,000
Total notes issued ZAR118,476,347,461.59
(including current issue)
Full Note details are as
follows:
Issue Date: 21 August 2025
Nominal Issued: ZAR200,000,000
Coupon Rate: (i) Where the Issuer has
exercised its option to
convert the Floating Rate
Notes to Fixed Rate Notes in
terms of the Applicable
Pricing Supplement, the
floating rate will be from, and
including, the Interest
Commencement Date to, but
excluding, 31 July 2030;
three-month ZAR-JIBAR-SAFEX
plus 2.03% quarterly; and the
fixed rate will be, from, and
including, 31 July 2030 until,
but excluding, the Maturity
Date: Fixed 11.03% per annum
payable quarterly in arrears
(ii) Where the Issuer has not
exercised its option to
convert the Floating Rate
Notes to Fixed Rate Notes in
terms of the Applicable
Pricing Supplement, from, and
including, the Interest
Commencement Date to, but
excluding, the Maturity Date:
three-month ZAR-JIBAR-SAFEX
plus 2.03% quarterly
Coupon Indicator: Fixed Rate Notes – Fixed
Floating Rate Notes -
Floating
Interest Determination Dates: In respect of:
Fixed Rate Notes – Not
Applicable
Floating Rate Notes - Where the
Issuer has exercised its
option to convert the Floating
Rate Notes to Fixed Rate Notes
in terms of the Applicable
Pricing Supplement, the
floating rate will be, each 31
January, 30 April, 31 July, 31
October of each year,
commencing on Issue Date until
(but excluding) 31 July 2030
and where the Issuer has not
exercised its option in terms
of the above, the last Interest
determination Date will be
Scheduled Maturity Date,
rather than 31 July 2030.
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 January 2037
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 October 2025
Interest Payment Dates: In respect of:
Fixed Rate Notes - Applicable,
subject to the election of the
Issuer as set Each 31 January,
30 April, 31 July, 31 October
of each year until the Maturity
Date, with the first Interest
Payment Date being 31 October
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 – (i) Where
the Issuer has exercised its
option in terms of paragraph
34(h) above, each 31 January,
30 April, 31 July, 31 October
of each year until (and
including) 31 July 2030 with
the first Interest Payment
Date being 31 October 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
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 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.
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 20 August 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: 20-08-2025 12:14:00
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