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New Financial Instrument Listing Announcement - “CLN910”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN910”
Stock Code: CLN910
ISIN Code: ZAG000192857
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN910 Senior Unsecured Mixed Rate Notes
due 20 December 2027 - 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) ZAR71,093,936,169.61
Full Note details are as follows:
Issue Date: 15 December 2022
Nominal Issued: ZAR 100,000,000
Coupon Rate:
Mixed Rate Notes – From, and
including, the Issue Date
until, but excluding, 20
June 2024: three month ZAR-
JIBAR-SAFEX plus 3.10%; and
From, and including,
20 June 2024 until, but
excluding, the Maturity
Date: 11.55% quarterly.
Coupon Indicator: Mixed Rate Note
Interest Determination Dates: Each 20 March, 20 June, 20
September and 20 December of
each year, commencing on the
Issue Date until (but
excluding) 20 June 2024
Trade Type: Price
Issue Price: 100%
Maturity Date: 09 December 2025
Interest Commencement Date: Issue Date
First Interest Payment Date: 20 March 2023
Interest Payment Dates: 20 March, 20 June, 20
September, and 20 December
of each year until the
Maturity Date, with the
first Interest Payment Date
being 20 September 2024
Floating Rate Notes – each
20 March, 20 June, 20
September, and 20 December
of each year until (and
including) 20 June 2024 with
the first Interest Payment
Date being 20 March 2023.
Business Day Count/Convention: Actual/365(fixed) and
Following Business Day
Books Close: 15 March, 15 June,
15 September, and December
until the applicable
Interest Payment Date
Last day to register: By 17h00 on 14 March,
14 June, 14 September, and
14 December 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 28 December 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: 28-12-2022 12:32:00
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