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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN872?

Release Date: 28/07/2022 16:37
Code(s): CLN872     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN872”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN872”

Stock Code: CLN872
ISIN Code: ZAG000188582

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN872 Senior Unsecured 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)           ZAR71,574,618,669.61

Full Note details are as follows:
Issue Date:                         28 July 2022
Nominal Issued:                     ZAR244,196,200
Coupon Rate:                        8.25%   per   annum  payable
                                    semi-annually in arrears
Coupon Indicator:                   Fixed
Interest Determination Dates:       Not Applicable
Trade Type:                         Price
Issue Price:                        85.23886%
Maturity Date:                      31 March 2032
Interest Commencement Date:         31 March 2022
First Interest Payment Date:        30 September 2022

Interest Payment Dates:             Each   31   March   and   30
                                    September of each year until
                                    the Maturity Date
Business Day Count/Convention:      Actual/365(fixed)        and
                                    Following Business Day

Optional Redemption Dates:          30 September 2029

Books Close:                        From each 26 March and 25
                                    September     until     the
                                    applicable Interest Payment
                                    Date

Last day to register:               17:00 on 25 March and 24
                                    September 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 28 July 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: 28-07-2022 04:37:00
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