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New Financial Instrument Listing Announcement - “SBC052”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC052"
Stock Code: SBC052
ISIN Code: ZAG000206921
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC052 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) ZAR 91,357,202,475.19
Full Note details are as follows:
Issue Date: 15 July 2024
Nominal Issued: ZAR 30,000,000
Coupon Rate: In respect of each Interest
Period from, and including:
(i) the Issue Date until, but
excluding, 30 September
2027: three month ZAR-JIBAR-
SAFEX plus 2.50%; and
ii) 30 September 2027 until,
but excluding, the Maturity
Date: Fixed 10.29% 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) 30
September 2027
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
31 March 2028. If such 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).
Floating Rate Notes – Each
31 March, 30 June, 30
September, and 31 December
of each year until (and
including) 30 September 2027
with the first Interest
Payment Date being 30
September 2024. If such 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.
Books Close: The Books Closed Period
(during which the Register
will be closed) will be 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 12 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: 12-07-2024 11:21:00
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