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New Financial Instrument Listing Announcement - “CLN912”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN912”
Stock Code: CLN912
ISIN Code: ZAG000193145
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN912 Senior Unsecured Mixed Rate Notes
due 31 January 2030 - 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) ZAR73,249,508,169.61
Full Note details are as follows:
Issue Date: 20 January 2023
Nominal Issued: ZAR 38,700,000
Coupon Rate:
Floating Rate Notes – From,
and including, the Issue
Date until, but excluding,
31 January 2026: three month
ZAR-JIBAR-SAFEX plus 3.00%;
and
Fixed Rate Notes - From,
and including, 31 January
2026 until, but excluding,
the Maturity Date: 8.58%
quarterly.
Coupon Indicator:
Fixed Rate Notes – Fixed
Floating Rate Notes -
Floating
Interest Determination Dates:
In respect of:
Fixed Rate Notes – Not
Applicable
Floating Rate Notes – each
31 January, 30 April, 31
July, and 31 October of each
year until (but excluding)
31 January 2026 or, 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 the Applicable Pricing
Supplement).
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 January 2030
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 January 2023
Interest Payment Dates:
In respect of:
Fixed Rate Notes –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
2026
Floating Rate Notes – each
31 January, 30 April, 31
July, and 31 October of each
year until (and including)
31 January 2026 with the
first Interest Payment Date
being 31 January 2023.
Business Day Count/Convention: Actual/365(fixed) and
Following Business Day
Books Close: From each 26 January, 25
April, 26 July, and 26
October until the applicable
Interest Payment Date
Last day to register: By 17h00 on 25 January, 24
April, 25 July, and 25
October of each year until
the Maturity Date. 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 19 January 2023
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: 19-01-2023 10:00:00
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