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New Financial Instrument Listing Announcement - “CLN896”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN896”
Stock Code: CLN896
ISIN Code: ZAG000190794
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN896 Senior Unsecured Mixed Rate Credit
Linked Notes due 31 March 2032 - sponsored by The Standard Bank
of South Africa Limited, under its Structured Note Programme.
Authorised Programme size ZAR80,000,000,000
Total notes issued
(including current issue) ZAR70,346,923,247.61
Full Note details are as follows:
Issue Date: 06 October 2022
Nominal Issued: ZAR60,000,000
Coupon Rate: Fixed Notes – From, and
including, 30 September 2027
until (but excluding) the
Maturity Date: 9.94% per
annum payable quarterly in
arrears, as per the
Applicable Pricing
Supplement
Floating Rate Notes - From,
and including, the Interest
Commencement Date to, but
excluding, 30 September
2027: three-month ZAR-JIBAR-
SAFEX plus 3.00% as per the
Applicable Pricing
Supplement
Coupon Indicator: Fixed Rate Notes – Fixed
Floating Rate Notes -
Floating
Interest Determination Dates: In respect of:
Fixed Rate Notes – Not
Applicable
Floating Rate Notes - Each
31 March, 30 June, 30
September and 31 December of
each year, commencing on the
Issue Date until (but
excluding) 30 September 2027
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 March 2032
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 December 2022
Interest Payment Dates: In respect of:
Fixed Rate Notes – 31 March,
30 June, 30 September and 31
December of each year until
the Maturity Date, with the
first Interest Payment Date
being 31 December 2027
Floating Rate Notes – each
31 March, 30 June, 30
September and 31 December of
each year until (and
including) 30 September 2027
Business Day Count/Convention: Actual/365(fixed) and
Following Business Day
Last day to register: By: 17:00 on 25 March, 24
June, 24 September and 25
December of each year, or if
such day is not a Business
Day, the Business Day before
each Books Closed Period
Books Close: From each 26 March, 25 June,
25 September, 26 December,
until the applicable
Interest Payment Date
Optional Call Date: 30 September 2027, 30
September 2028, 30 September
2029, 30 September 2030 and
30 September 2031
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 05 October 2022
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: 05-10-2022 09:30:00
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