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New Financial Instrument Listing Announcement - “CLN920”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN920”
Stock Code: CLN920
ISIN Code: ZAG000194374
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN920 Senior Unsecured Mixed Rate Notes
due 28 February 2035 - 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) ZAR72,403,867,089.61
Full Note details are as follows:
Issue Date: 07 March 2023
Nominal Issued: ZAR 50,000,000
Coupon Rate:
Floating Rate Notes – From,
and including, the Issue
Date until, but excluding,
29 February 2028: three
month ZAR-JIBAR-SAFEX plus
3.0%; and
Fixed Rate Notes - From,
and including, 29 February
2028 until, but excluding,
the Maturity Date: 10.1%
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
28 February, 31 May, 31
August, and 30 November of
each year until but
excluding 29 February 2028
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). During a leap
year, the Interest Rate
Determination Date will be
29 February rather than 28
February.
Trade Type: Price
Issue Price: 100%
Maturity Date: 28 February 2035
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 May 2023
Interest Payment Dates:
In respect of:
Fixed Rate Notes –Each 28
February, 31 May, 31 August,
and 30 November of each year
until the Maturity Date,
with the first Interest
Payment Date being 31 May
2028
Floating Rate Notes – each
28 February, 31 May, 31
August, and 30 November of
each year until (and
including) 29 Feb 2028 with
the first Interest Payment
Date being 31 May 2023.
Business Day Count/Convention: Actual/365(fixed) and
Following Business Day
Books Close: From each 23 February, 26
May, 26 August, and 25
November until the
applicable Interest Payment
Date
Last day to register: By 17h00 on 22 February, 25
May, 25 August, and 24
November 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 06 March 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: 06-03-2023 10:21:00
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