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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SSN111?

Release Date: 30/03/2021 11:47
Code(s): SSN111     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “SSN111”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SSN111”

Stock Code:   SSN111
ISIN Code:    ZAG000175316

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN111 Floating Rate Listed Note due
31 March 2024 sponsored by The Standard Bank of South Africa
Limited (acting through its Corporate and Investment Banking
Division), under its Structured Note Programme.

Authorised Programme size          ZAR60,000,000,000
Total notes issued
(including current issue)          ZAR45,237,062,926.83
Full Note details are as follows
Issue Date:                        31 March 2021
Nominal Issued:                    ZAR75,000,000
Coupon Rate:                       As per formula contained in
                                   Applicable Pricing Supplement
Coupon Indicator:                  Floating
Interest Rate Determination Dates: Each 31 March, 30 June, 30
                                   September and 31 December of
                                   each year commencing on Issue
                                   Date until the Maturity Date
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     31 March 2024
First Interest Payment Date:       30 June 2021
Interest Payment Dates:            Each 31 March, 30 June, 30
                                   September and 31 December of
                                   each year until the Maturity
                                   Date;
Business Day Count/Convention:     Actual/365      (Fixed)    and
                                   Following Business Day
Books Close:                       Each 26 March, 25 June, 25
                                   September and 26 December,
                                   until the applicable Interest
                                   Payment Date
Last day to register:              By: 17h00 on each 25 March,
                                   24 June, 24 September and 25
                                   December    or,    until   the
                                   Maturity Date
Interest Commencement Date:        31 March 2021
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 30 March 2021
Sponsor – The Standard Bank of South Africa Limited

For further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 30-03-2021 11:47:00
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