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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN767?

Release Date: 07/09/2021 11:25
Code(s): CLN767     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN767”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN767”

Stock Code: CLN767
ISIN Code: ZAG000179615

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN767 Senior Unsecured Fixed Rate Credit
Linked Notes due 31 January 2030 - sponsored by The Standard
Bank of South Africa Limited, under its Structured Note
Programme.

Authorised Programme size           ZAR60,000,000,000
Total notes issued
(including current issue)           ZAR53,476,196,386.55

Full Note details are as follows:

Issue Date:                         08 September 2021
Nominal Issued:                     ZAR50,000,000
Coupon Rate:                        7.38% from, and including,
                                    the Issue Date until, but
                                    excluding, 31 January 2023
                                    stepping up on 31 January of
                                    each year thereafter until
                                    the Maturity Date as per the
                                    Applicable            Pricing
                                    Supplement
Coupon Indicator:                   Fixed
Interest Determination Dates:       Not applicable
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      31 January 2030
Interest Commencement Date:         08 September 2021
First Interest Payment Date:        31 October 2021
Interest Payment Dates:             Each 31 January, 30 April,
                                    31 July and 31 October of
                                    each year until the Maturity
                                    Date
Business Day Count/Convention:      Actual/365(fixed)         and
                                    Following Business Day
Books Close:                        Each 26 January, 25 April,
                                    26 July and 26 October of
                                    each    year,    until    the
                                    applicable Interest Payment
                                    Date
Last day to register:               17h00     on      25 January,
                                    24 April,     25 July     and
                                    25 October of each year, 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 07 September 2021

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: 07-09-2021 11:25:00
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