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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN863?

Release Date: 21/07/2022 11:22
Code(s): CLN863     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN863”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN863”

Stock Code: CLN863
ISIN Code: ZAG000188400

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN863 Senior Unsecured Credit Linked
Notes due 09 March 2028 - sponsored by The Standard Bank of
South Africa Limited, under its Structured Note Programme.

Authorised Programme size           ZAR 80,000,000,000
Total notes issued
(including current issue)           ZAR 69,534,622,469.61

Full Note details are as follows:
Issue Date:                         22 July 2022
Nominal Issued:                     ZAR 60,000,000
Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus   2.03%   as per   the
                                    Applicable          Pricing
                                    Supplement
Coupon Indicator:                   Floating

Interest Determination Dates:       Each 09 March, 09 June, 09
                                    September and 09 December of
                                    each year, commencing on the
                                    Issue Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      09 March 2028
Interest Commencement Date:         Issue Date
First Interest Payment Date:        09 September 2022

Interest Payment Dates:             Each 09 March, 09 June, 09
                                    September and 09 December of
                                    each year until the Maturity
                                    Date
Business Day Count/Convention:      Actual/365(fixed)        and
                                    Following Business Day

Books Close:                        From each 04 March, 04 June,
                                    04    September    and    04
                                    December,      until     the
                                    applicable Interest Payment
                                    Date

Last day to register:               By 17:00 on 03 March,    03
                                    June, 03 September and   03
                                    December of each year, until
                                    the Maturity Date, 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 21 July 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: 21-07-2022 11:22:00
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