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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SBC060?

Release Date: 31/07/2024 10:07
Code(s): SBC060     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “SBC060”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - "SBC060"

Stock Code: SBC060
ISIN Code: ZAG000207556


The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC060 Senior Unsecured Floating Rate
Credit Linked Notes due 20 June 2029- 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)           ZAR93,892,013,646.19

Full Note details are as follows:
Issue Date:                         31 July 2024
Nominal Issued:                     ZAR 250,000,000

Coupon Rate:                        Three month ZAR-JIBAR- SAFEX
                                    plus 4.12% in respect of
                                    each Portion, as specified
                                    in the Pricing Supplement


Coupon Indicator:                   Floating Rate


Interest Determination Dates:       Each 20 March, 20 June,
                                    20 September,            and
                                    20 December of each year,
                                    with the first Interest Rate
                                    Determination Date being the
                                    Issue Date.


Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      20 June 2029
Interest Commencement Date:         Issue Date
First Interest Payment Date:        20 September 2024

Interest Payment Dates:             Each 20 March, 20 June,
                                    20 September, and
                                    20 December of each year
                                    until the Maturity Date.
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 15 March, 15 June,
                                    15 September, and
                                    15 December, until the
                                    applicable Interest Payment
                                    Date.

Last day to register:               17h00 on 14 March, 14 June,
                                    14 September, and
                                    14 December of each year, 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 31 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: 31-07-2024 10:07:00
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