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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN918?

Release Date: 03/03/2023 09:35
Code(s): CLN918     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN918”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN918”

Stock Code: CLN918
ISIN Code: ZAG000194333

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN918 Senior Unsecured Floating Rate
Credit Linked 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)           ZAR70,806,432,827.42
Full Note details are as follows:
Issue Date:                         06 March 2023
Nominal Issued:                     ZAR 80,000,000
Coupon Rate:                        2.06% plus
                                    Three-month ZAR-JIBAR-SAFEX
                                    as   per   the    Applicable
                                    Pricing Supplement

Coupon Indicator:                   Floating Rate


Interest Determination Dates:       Each 20 March, 20 June, 20
                                    September, and 20 December
                                    of each year commencing on
                                    the issue date


Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      20 December 2027
Interest Commencement Date:         Issue Date
First Interest Payment Date:        20 March 2023

Interest Payment Dates:             Each 20 March, 20 June, 20
                                    September, and 20 December
                                    of each year or, 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 the Applicable Pricing
                                    Supplement)
Business Day Count/Convention:      Actual/365(fixed)        and
                                    Following Business Day
Books Close:                        From each 15 March, 15 June,
                                    15    September,    and   15
                                    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 03 March 2023
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: 03-03-2023 09:35:00
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