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New Financial Instrument Listing Announcement - “SBC057”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC057"
Stock Code: SBC057
ISIN Code: ZAG000207218
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC057 Floating Rate Listed Notes due 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) ZAR92,395,575,646.19
Full Note details are as follows:
Issue Date: 22 July 2024
Nominal Issued: ZAR400,000,000
Coupon Rate: Three month ZAR-JIBAR-SAFEX
plus 1.60%
Coupon Indicator: Floating Rate
Interest Determination Dates: Each 28 February, 31 May, 31
August and 30 November of
each year, commencing on the
Issue Date until (but
excluding) the Maturity Date
and during a leap year, the
Interest Rate Determination
Date will be 29 February
rather than 28 February
Trade Type: Price
Issue Price: 100%
Maturity Date: 28 February 2031
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 August 2024.
Interest Payment Dates: 28 February, 31 May, 31
August and 30 November of
each year until the Maturity
Date, and during a leap
year, the Interest Payment
Date will be 29 February
rather than 28 February,
with the first Interest
Payment Date being 31 August
2024. If such a day is not a
Business Day, the Business
Day on which the interest
will be paid, as determined
in accordance with the
applicable Business Day
Convention (as specified in
this Applicable Pricing
Supplement).
Business Day Count/Convention: Actual/365(Fixed) and
Following Business Day
Convention.
Books Close: The Books Closed Period
(during which the Register
will be closed) will be 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 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), or
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 19 July 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: 19-07-2024 11:33:00
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