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New Financial Instrument Listing Announcement - “CLN785”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN785”
Stock Code: CLN785
ISIN Code: ZAG000182098
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN785 Senior Unsecured Mixed Rate Credit
Linked Notes due 31 March 2032 - 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) ZAR63,787,435,397.61
Full Note details are as follows:
Issue Date: 29 November 2021
Nominal Issued: ZAR75,000,000
Coupon Rate: Fixed Notes – From, and
including,
30 September 2026 until (but
excluding) the Maturity
Date: 10.35% 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,
30 September 2026: 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
31 March, 30 June, 30
September and 31 December of
each year, commencing on
Interest Commencement Date
until (but excluding)
30 September 2026
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 March 2032
Interest Commencement Date: 29 November 2021
First Interest Payment Date: 31 December 2021
Interest Payment Dates: In respect of:
Fixed Rate Notes – each
31 March, 30 June,
30 September and 31 December
of each year until the
Maturity Date, with the
first Interest Payment Date
being 31 December 2026,
Floating Rate Notes – each
31 March, 30 June,
30 September and 31 December
until (and including)
30 September 2026
Business Day Count/Convention: Actual/365(Fixed) and
Following Business Day
Books Close: From each 26 March, 25 June,
25 September and 26 December
until the applicable
Interest Payment Date
Last day to register: By: 17:00 on 25 March,
24 June, 24 September and
25 December 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 26 November 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: 26-11-2021 10:50:00
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