To view the PDF file, sign up for a MySharenet subscription.

THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SBC021?

Release Date: 13/03/2024 11:14
Code(s): SBC021     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “SBC021”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - "SBC021"

Stock Code: SBC021
ISIN Code: ZAG000203944

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC021 Senior Unsecured Floating Rate
Credit Linked Notes due 18 April 2028 - 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)           ZAR83,420,508,459,37

Full Note details are as follows:
Issue Date:                         14 March 2024
Nominal Issued:                     ZAR180,000,000

Coupon Rate:                        three month ZAR-JIBAR-SAFEX
                                    plus 2.35% per the
                                    Applicable Pricing
                                    Supplement.

Coupon Indicator:                   Floating Rate Notes -
                                    Floating


Interest Determination Dates:       Each 18 January, 18 April,
                                    18 July and 18 October of
                                    each year, commencing on the
                                    Issue Date.
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      18 April 2028
Interest Commencement Date:         Issue Date
First Interest Payment Date:        18 April 2024

Interest Payment Dates:             Each 18 January, 18 April,
                                    18 July and 18 October of
                                    each year until the Maturity
                                    Date, with the first
                                    Interest Payment Date being
                                    18 April 2024.


Business Day Count/Convention:      Actual/365(Fixed) and
                                    Following Business Day
Books Close:                        From each 13 January, 13
                                    April, 13 July and 13
                                    October of each year, until
                                    the applicable Interest
                                    Payment Date

Last day to register:               17h00 on 12 January, 12
                                    April, 12 July and 12
                                    October of each year, until
                                    the Maturity Date. 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 13 March 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: 13-03-2024 11:14:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.