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THE STANDARD BANK OF SOUTH AFRICA LIMITED - SBC024

Release Date: 09/04/2024 08:00
Code(s): SBC024     PDF:  
Wrap Text
SBC024

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - "SBC024"

Stock Code: SBC024
ISIN Code: ZAG000204173

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC024 Senior Unsecured Floating Rate
Credit Linked Notes due 31 January 2040 - 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)           ZAR84,464,800,459.37

Full Note details are as follows:
Issue Date:                         10 April 2024
Nominal Issued:                     ZAR677,000,000

Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus 2.30% per the
                                    Applicable Pricing
                                    Supplement.

Coupon Indicator:                   Floating   Rate Notes-
                                    Floating


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 2040
Interest Commencement Date:         Issue Date
First Interest Payment Date:        30 April 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
                                    30 April 2024.


Business Day Count/Convention:      Actual/365(Fixed) and
                                    Following Business Day
Books Close:                        From each 26 January, 25
                                    April, 26   July and   26
                                    October of each year, until
                                    the applicable Interest
                                    Payment Date

Last day to register:               17h00 on 25 January, 24
                                    April, 25 July and 25
                                    October 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 09 April 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: 09-04-2024 08:00:00
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