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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SBC120?

Release Date: 04/03/2025 16:13
Code(s): SBC120     PDF:  
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New Financial Instrument Listing Announcement - “SBC120”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - "SBC120"

Stock Code: SBC120
ISIN Code: ZAG000213158

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC120 Senior Unsecured Floating Rate
Credit Linked Notes due 31 January 2040 - sponsored by The
Standard Bank of South Africa Limited, under its Structured Note
Programme.

Authorised Programme size           ZAR120,000,000,000
Total notes issued
(including current issue)           ZAR 103 127 603 429,70.

Full Note details are as follows:
Issue Date:                         05 March 2025
Nominal Issued:                     ZAR80,000,000

Coupon Rate:                        Floating at 3-month Jibar +
                                    2.55%    with   a    maximum
                                    interest rate of 11.87%.


Coupon Indicator:                   Floating Rate


Interest Determination Dates:       Each 31 January, 30 April,
                                    31 July, and 31 October of
                                    each year, commencing on
                                    Issue    Date until   the
                                    Maturity Date


Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      31 January 2040
Interest Commencement Date:         Issue Date
First Interest Payment Date:

Interest Payment Dates:             Each 31 January, 30 April,
                                    31 July, and 31 October of
                                    each year until the Maturity
                                    Date with the first Interest
                                    Payment Date being 30 April
                                    2025, if such day is not a
                                    Business Day, the Business
                                   Day on which the interest
                                   will be paid, as determined
                                   in   accordance   with   the
                                   applicable   Business    Day
                                   Convention (as specified in
                                   this   Applicable    Pricing
                                   Supplement).


Business Day Count/Convention:     Actual/365(Fixed) and
                                   Following Business Day


Books Close:                        The Books Closed Period
                                   (during which the Register
                                   will be closed) will be from
                                   each 26 January, 25 April,
                                   26 July, and 26 October,
                                   until     the     applicable
                                   Interest Payment Date.

Last day to register:               17h00 on 25 January, 24
                                   April, 25 July, and 25
                                   October 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 04 March 2025
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: 04-03-2025 04:13:00
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