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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN851?

Release Date: 29/06/2022 11:15
Code(s): CLN851     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN851”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN851”

Stock Code: CLN851
ISIN Code: ZAG000187766

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN851 Senior Unsecured Credit Linked
Notes due 27 September 2028 - sponsored by The Standard Bank of
South Africa Limited, under its Structured Note Programme.

Authorised Programme size           ZAR80,000,000,000
Total notes issued
(including current issue)           ZAR 71,530,672,469.61

Full Note details are as follows:
Issue Date:                         30 June 2022
Nominal Issued:                     ZAR 500,000,000
Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus   4.25%   as per   the
                                    Applicable          Pricing
                                    Supplement
Coupon Indicator:                   Floating

Interest Determination Dates:       Each 27 March, 27 June, 27
                                    September and 27 December of
                                    each year, commencing on the
                                    Issue Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      27 September 2028
Interest Commencement Date:         Issue Date
First Interest Payment Date:        27 September 2022

Interest Payment Dates:             Each 27 March, 27 June, 27
                                    September and 27 December
                                    until the Maturity Date
Business Day Count/Convention:      Actual/365(fixed)       and
                                    Following Business Day

Books Close:                        From 22 March, 22 June, 22
                                    September and 22 December,
                                    until     the     applicable
                                    Interest Payment Date

Last day to register:               By 17:00 on 21 March, 21
                                    June, 21 September and 21
                                    December, 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 29 June 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: 29-06-2022 11:15:00
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