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New Financial Instrument Listing Announcement - “SBC065”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC065"
Stock Code: SBC065
ISIN Code: ZAG000207622
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC065 Senior Unsecured Mixed 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) ZAR94,597,013,646.19
Full Note details are as follows:
Issue Date: 06 August 2024
Nominal Issued: ZAR85,000,000
Coupon Rate: In respect of each Interest
Period from, and including:
(i) the Issue Date until, but
excluding, 31 August 2029:
three month ZAR-JIBAR-SAFEX
plus 2.59% quarterly; and
ii) 31 August 2029 until,
but excluding, the Maturity
Date: Fixed 8.00% semi-
annually.
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
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) 31
August 2029.
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: 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
28 February 2030 and during
a leap year, the Interest
Payment Date will be 29
February rather than 28
February.
Floating Rate Notes – Each
28 February, 31 May,
31 August, and 30 November
of each year until (and
including) 31 August 2029
with the first Interest
Payment Date being 31 August
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: 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 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) or if such day is
not a Business Day, the
Business Day before each
Books Closed Period.
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 August 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: 05-08-2024 11:02:00
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