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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN786?

Release Date: 01/12/2021 10:45
Code(s): CLN786     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN786”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN786”

Stock Code: CLN786
ISIN Code: ZAG000182262

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN786 Senior Unsecured Floating Rate
Credit Linked Instalment Notes due 21 December 2027 - 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)           ZAR63,889,335,397.61

Full Note details are as follows:

Issue Date:                         02 December 2021
Nominal Issued:                     ZAR30,000,000 as reduced in
                                    accordance      with     the
                                    Instalment Note provisions,
                                    as     per    the    Pricing
                                    Supplement
Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus   1.40%   as  per   the
                                    Applicable           Pricing
                                    Supplement
Coupon Indicator:                   Floating
Instalment Dates:                   23 March 2026            and
                                    23 March 2027
Instalment Amounts:                 (i)on the first Instalment
                                    Date, ZAR10,000,000; and
                                    (ii)     on    the    second
                                    Instalment             Date,
                                    ZAR10,000,000

Interest Determination Dates:       Each   21 March,    21 June,
                                    21 September and 21 December
                                    of each year, commencing on
                                    the Issue Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      27 December 2027
Interest Commencement Date:         02 December 2021
First Interest Payment Date:        21 December 2021
Interest Payment Dates:             Each   21 March,    21 June,
                                    21 September and 21 December
                                    of each year until the
                                    Maturity Date
Business Day Count/Convention:     Actual/365(fixed)        and
                                   Following Business Day
Books Close:                       Each   16 March,    16 June,
                                   16 September and 16 December
                                   of each year, until the
                                   applicable Interest Payment
                                   Date
Last day to register:              17h00 on 15 March, 15 June,
                                   15 September and 15 December
                                   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 01 December 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: 01-12-2021 10:45:00
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