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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SSN120?

Release Date: 10/06/2021 10:30
Code(s): SSN120     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “SSN120”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “SSN120”

Stock Code: SSN120
ISIN Code: ZAG000177171


The JSE Limited has granted a listing to The      Standard Bank of
South Africa Limited – SSN120 Senior Unsecured     Stepped Floating
Rate Note due 11 June 2026 - sponsored by The     Standard Bank of
South Africa Limited, under its Structured Note   Programme.

Authorised Programme size           ZAR60,000,000,000
Total notes issued
(including current issue)           ZAR48,464,301,719.55
Full Note details are as follows
Issue Date:                         11 June 2021
Nominal Issued:                     ZAR750,000,000
Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus a spread as per the
                                    Applicable Pricing
                                    Supplement
Coupon Indicator:                   Floating
Interest Rate Determination Date:   Each 11 March, 11 June, 11
                                    September and 11 December of
                                    each year commencing on the
                                    Issue Date until the Maturity
                                    Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      11 June 2026
Interest Commencement Date:         Issue Date
First Interest Payment Date:        11 September 2021
Interest Payment Date:              Each     11 March,    11 June,
                                    11 September and 11 December
                                    of   each   year   until   the
                                    Maturity Date
Business Day Count/Convention:      Actual/365(fixed)          and
                                    Modified Following Business
                                    Day
Step up dates:                      Each     11 March,    11 June,
                                    11 September and 11 December
                                    of   each   year   until   the
                                    Maturity Date, as per the
                                    Applicable Pricing Supplement
Books Close:                        Each     06 March,    06 June,
                                    06 September and 06 December
                                    of   each   year,  until   the
                                   applicable Interest Payment
                                   Date
Last day to register:              By: 17h00 on each 05 March,
                                   05 June,    05 September  and
                                   05 December    of  each  year
                                   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 10 June 2021

Sponsor – The Standard Bank of South Africa Limited

For further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 10-06-2021 10:30:00
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