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New Financial Instrument Listing Announcement - “SBC028”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC028"
Stock Code: SBC028
ISIN Code: ZAG000204694
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC028 Senior Unsecured Floating Rate
Notes 28 February 2031- 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) ZAR88,201,109,702.37
Full Note details are as follows:
Issue Date: 23 April 2024
Nominal Issued: ZAR500,000,000
Coupon Rate: In respect of each Interest
Period from, and including:
(i) the Issue Date until,
but excluding, 28 February
2027: three month ZAR-JIBAR-
SAFEX plus 3.05% ; and
ii) 28 February 2027 until,
but excluding, the Maturity
Date: Fixed 10.75% semi-
annually.
Coupon Indicator: Fixed Rate Notes – Fixed
Floating Rate Notes -
Floating
Interest Determination Dates: In respect of:
Fixed Rate Notes – Not
Applicable
Each 28 February, 31 May, 31
August and 30 November of
each year (and during a leap
year, the Interest Rate
Determination Date will be
29 February rather than 28
February), with the first
Interest Rate Determination
Date being the Issue Date,
until (but excluding) 28
February 2027
Trade Type: Price
Issue Price: 100%
Maturity Date: 28 February 2031
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 May 2024
Interest Payment Dates: In respect of:
Fixed Rate Notes – Each 28
February and 31 August of
each year until the Maturity
Date, with the first
Interest Payment Date being
31 August 2027 and during a
leap year, the Interest
Payment Date will be 29
February
Floating Rate Notes – Each
28 February, 31 May, 31
August, and 30 November of
each year until (and
including) 28 February 2027
with the first Interest
Payment Date being 31 May
2024 and during a leap year,
the Interest Payment Date
will be 29 February rather
than 28 February.
Business Day Count/Convention: Actual/365(Fixed)and
Following Business Day.
Books Close: From each 23 February, 26
May, 26 August and 25
November (and during a leap
year, the Books Closed
period will be 24 February
rather than 23 February),
until the applicable
Interest Payment Date
Last day to register: 17h00 on 22 February, 25
May, 25 August, and 24
November of each year (and
during a leap year, the
Last Day to Register will
be 23 February rather than
22 February), 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 22 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: 22-04-2024 12:17:00
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