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

Release Date: 02/11/2021 11:00
Code(s): SSN141     PDF:  
Wrap Text
New Financial Instrument Listing Announcement

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “SSN141”

Stock Code: SSN141
ISIN Code: ZAG000181199


The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN141 Senior Unsecured Floating Rate
Note due 03 November 2022 - 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)          ZAR60,580,566,135.42
Full Note details are as follows
Issue Date:                        03 November 2021
Nominal Issued:                    ZAR300,000,000
Coupon Rate:                       The greater of (i) the Margin
                                   minus three month ZAR-JIBAR-
                                   SAFEX and (ii) zero as
                                   specified in the Pricing
                                   Supplement
Coupon Indicator:                  Floating
Interest Rate Determination Dates: Each 03 February, 03 May, 03
                                   August and 03 November each
                                   year commencing on the Issue
                                   Date until the Maturity Date
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     03 November 2022
Interest Commencement Date:        Issue Date
First Interest Payment Date:       03 February 2022
Interest Payment Dates:            Each 03 February, 03 May, 03
                                   August and 03 November of
                                   each year until the Maturity
                                   Date
Business Day Count/Convention:     Actual/365     (Fixed)     and
                                   Following Business Day
Books Close:                       Each 29 January, 28 April, 29
                                   July and 29 October until the
                                   applicable Interest Payment
                                   Date
Last day to register:              By: 17h00 on 28 January, 27
                                   April, 28 July and 28 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 02 November 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: 02-11-2021 11:00:00
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