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

Release Date: 08/11/2021 11:00
Code(s): SSN142     PDF:  
Wrap Text
New Financial Instrument Listing Announcement

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “SSN142”

Stock Code: SSN142
ISIN Code: ZAG000181363


The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN142 Senior Unsecured Floating Rate
Note due 09 November 2023 - 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)           ZAR60,980,566,135.42
Full Note details are as follows
Issue Date:                        09 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    09 February,     09 May,
                                   09 August    and    09 November
                                   each year commencing on the
                                   Issue Date until the Maturity
                                   Date
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     09 November 2023
Interest Commencement Date:        Issue Date
First Interest Payment Date:       09 February 2022
Interest Payment Dates:            Each    09 February,     09 May,
                                   09 August and 09 November of
                                   each year until the Maturity
                                   Date
Business Day Count/Convention:     Actual/365      (Fixed)      and
                                   Following Business Day
Books Close:                       Each 04 February, 04 May, 04
                                   August and 04 November until
                                   the     applicable      Interest
                                   Payment Date
Last day to register:              By: 17h00 on 03 February, 03
                                   May,   03    August    and    03
                                   November 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 08 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: 08-11-2021 11:00:00
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