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New Financial Instrument Listing Announcement Correction - “SBC041”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement Correction -
"SBC041"
Stock Code: SBC041
ISIN Code: ZAG000206301
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC041 Senior Unsecured Mixed Rate Notes
31 March 2032- 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) ZAR90,338,739,592.37
Full Note details are as follows:
Issue Date: 19 June 2024
Nominal Issued: ZAR50,000,000
Coupon Rate: In respect of each Interest
Period from, and including:
(i) the Issue Date until, but
excluding, 31 March 2029:
three month ZAR-JIBAR-SAFEX
plus 2.50% ; and
ii) 31 March 2029 until, but
excluding, the Maturity
Date: Fixed 11.64% semi-
annually.
Coupon Indicator: Fixed Rate Notes – Fixed
Floating Rate Notes -
Floating
Interest Determination Dates: In respect of:
Fixed Rate Notes – Not
Applicable
Each 31 March, 30 June, 30
September, and 31 December
of each year, with the first
Interest Rate Determination
Date being the Issue Date,
until (but excluding) 31
March 2029
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 March 2032
Interest Commencement Date: Issue Date
First Interest Payment Date: 30 September 2024
Interest Payment Dates: In respect of:
Fixed Rate Notes – Each 31
March and 30 September of
each year until the Maturity
Date, with the first
Interest Payment Date being
30 September 2029.
Floating Rate Notes – Each
31 March, 30 June,30
September, and 31 December
of each year until (and
including) 31 March 2029
with the first Interest
Payment Date being 30
September 2024.
Business Day Count/Convention: Actual/365(Fixed)and
Following Business Day.
Books Close: From each 26 March, 25 June,
25 September, and 26
December, until the
applicable Interest Payment
Date.
Last day to register: 17h00 on 25 March, 24 June,
24 September, and 25
December of each year, 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 18 June 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: 18-06-2024 10:34:00
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