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New Financial Instrument Listing Announcement - “CLN873”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN873”
Stock Code: CLN873
ISIN Code: ZAG000188798
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN873 Senior Unsecured Mixed Rate Credit
Linked Notes due 28 February 2031 - 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) ZAR70,761,281,669.61.
Full Note details are as follows:
Issue Date: 08 August 2022
Nominal Issued: ZAR63,000,000
Coupon Rate: Fixed Notes – From, and
including, 31 August 2025
until (but excluding) the
Maturity Date: 10.32% per
annum payable quarterly in
arrears, as per the
Applicable Pricing
Supplement
Floating Rate Notes - From,
and including, the Interest
Commencement Date to, but
excluding, 31 August 2025:
three-month ZAR-JIBAR-SAFEX
plus 3.00% as per the
Applicable Pricing
Supplement
Coupon Indicator: Fixed Rate Notes – Fixed
Floating Rate Notes -
Floating
Interest Determination Dates: In respect of:
Fixed Rate Notes – Not
Applicable
Floating Rate Notes - Each
28 February, 31 May, 31
August, and 30 November of
each year, commencing on the
Issue Date until (but
excluding) 31 August 2025
Trade Type: Price
Issue Price: 100%
Maturity Date: 28 February 2031
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 August 2022
Interest Payment Dates: In respect of:
Fixed Rate Notes – 28
February, 31 May, 31 August,
and 30 November of each year
until the Maturity Date,
with the first Interest
Payment Date being 30
November 2025
Floating Rate Notes – each
28 February, 31 May, 31
August, and 30 November of
each year until (and
including) 31 August 2025
Business Day Count/Convention: Actual/365(fixed) and
Following Business Day
Last day to register: By: 17:00 on 22 February, 25
May, 25 August, and 24
November of each year, or if
such day is not a Business
Day, the Business Day before
each Books Closed Period
Books Close: From each 23 February,26
May, 26 August, and 25
November, until the
applicable Interest Payment
Date
Optional Call Date: 31 August 2025
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 05 August 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: 05-08-2022 10:54:00
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