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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN876?

Release Date: 11/08/2022 11:45
Code(s): CLN876     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN876”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN876”

Stock Code: CLN876
ISIN Code: ZAG000188897


The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN876 Senior Unsecured Floating Rate
Credit Linked Notes due 29 October 2025 - 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)           ZAR70,944,218,669,61
Full Note details are as follows:
Issue Date:                         12 August 2022
Nominal Issued:                     ZAR150,000,000
Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus 5.35%, as per the
                                    Pricing Supplement
Coupon Indicator:                   Floating

Interest Determination Dates:       Each 29 January, 29 April,
                                    29 July and 29 October of
                                    each year, commencing on the
                                    Issue Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      29 October 2025
Interest Commencement Date:         Issue Date
First Interest Payment Date:        29 October 2022

Interest Payment Dates:             Each 29 January, 29 April,
                                    29 July and 29 October of
                                    each year until Maturity
                                    Date
Business Day Count/Convention:      Actual/365(fixed)      and
                                    Following Business Day

Books Close:                        From 24 January, 24 April,
                                    24 July and 24 October, of
                                    each    year   until    the
                                    applicable Interest Payment
                                    Date
Last day to register:               By: 17:00 on 23 January, 23
                                    April,   23  July   and   23
                                    October of each year, or 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 11 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: 11-08-2022 11:45:00
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