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New Financial Instrument Listing Announcement - “SSN180”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SSN180”
Stock Code: SSN180
ISIN Code: ZAG000192667
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN180 Senior Unsecured Mixed Rate Notes
due 09 December 2025 - sponsored by The Standard Bank of South
Africa Limited, under its Structured Note Programme.
Authorised Programme size ZAR150,000,000,000
Total notes issued
(including current issue) ZAR71,006,766,669.61
Full Note details are as follows:
Issue Date: 09 December 2022
Nominal Issued: ZAR 150,000,000
Coupon Rate:
Fixed Notes – From, and
including, 09 June 2024
until (but excluding) the
Maturity Date: 8.95% 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, 09 June 2024:
three-month ZAR-JIBAR-SAFEX
plus 0.85% 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
09 March, 09 June, 09
September, and 09 December
of each year, commencing on
the Issue Date until (but
excluding) 09 June 2024
Trade Type: Price
Issue Price: 100%
Maturity Date: 09 December 2025
Interest Commencement Date: Issue Date
First Interest Payment Date: 09 March 2023
Interest Payment Dates:
In respect of:
Fixed Rate Notes –09 March,
09 June, 09 September, and
09 December of each year
until the Maturity Date,
with the first Interest
Payment Date being 09
September 2024
Floating Rate Notes – each
09 March, 09 June, 09
September, and 09 December
of each year until (and
including) 09 June 2024 with
the first Interest Payment
Date being 09 March 2023.
Business Day Count/Convention: Actual/365(fixed) and
Following Business Day
Books Close: 04 March, 04 June,
04 September, and
04 December until the
applicable Interest Payment
Date
Last day to register: By 17h00 on 03 March,
03 June, 03 September, and
03 December 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 08 December 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: 08-12-2022 10:24:00
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