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New Financial Instrument Listing Announcement - “SBC053”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC053"
Stock Code: SBC053
ISIN Code: ZAG000206897
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC053 Senior Unsecured Mixed Rate Notes
28 February 2035- 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) ZAR91,387,202,475.19
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, 31 August 2029:
three month ZAR-JIBAR-SAFEX
plus 3.00%; and
ii) 31 August 2029 until,
but excluding, the Maturity
Date: Fixed 10.44% semi-
annually.
Coupon Indicator: Fixed Rate Notes – Fixed
Floating Rate Notes -
Floating
Interest Determination Dates: In respect of:
Fixed Rate Notes – Not
Applicable
Each 28 February, 31 May, 31
August and 30 November of
each year, with the first
Interest Rate Determination
Date being the Issue Date,
until (but excluding) 31
August 2029
Trade Type: Price
Issue Price: 100%
Maturity Date: 28 February 2035
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 August 2024.
Interest Payment Dates: In respect of:
Fixed Rate Notes – Each 28
February and 31 August of
each year until the Maturity
Date, with the first
Interest Payment Date being
28 February 2030, and during
a leap year, the Interest
Payment Date will be 29
February rather than 28
February. 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
28 February, 31 May, 31
August and 30 November of
each year until (and
including) 31 August 2029
with the first Interest
Payment Date being 31 August
2024 and during a leap year,
the Interest Payment Date
will be 29 February rather
than 28 February. 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
23 February, 26 May, 26
August and 25 November (and
during a leap year, the
Books Closed period will be
24 February rather than 23
February), until the
applicable Interest Payment
Date.
Last day to register: 17h00 on 22 February, 25
May, 25 August and 24
November of each year, (and
during a leap year, the Last
Day to Register will be 23
February rather than 22
February, 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 11:35:00
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