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New Financial Instrument Listing Announcement - “CLN937”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN937”
Stock Code: CLN937
ISIN Code: ZAG000195124
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN937 Senior Unsecured Mixed Rate Notes
due 20 June 2026 - 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) ZAR75,986,549,846.61.
Full Note details are as follows:
Issue Date: 28 March 2023
Nominal Issued: ZAR 125,000,000
Coupon Rate:
Floating Rate Notes – From,
and including, the Issue
Date until, but excluding,
20 March 2025: three month
ZAR-JIBAR-SAFEX plus 4.0%;
and
Fixed Rate Notes - From,
and including, 20 March 2025
until, but excluding, the
Maturity Date: 7.75%
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
20 March, 20 June, 20
September, and 20 December
of each year until (but
excluding) 20 March 2025 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: 20 June 2026
Interest Commencement Date: Issue Date
First Interest Payment Date: 20 June 2023
Interest Payment Dates:
In respect of:
Fixed Rate Notes –Each 20
March, 20 June, 20
September, and 20 December
of each year until the
Maturity Date, with the
first Interest Payment Date
being 20 June 2025
Floating Rate Notes – each
20 March, 20 June, 20
September, and 20 December
of each year until (and
including) 20 March 2025
with the first Interest
Payment Date being 20 June
2023.
Business Day Count/Convention: Actual/365(fixed) and
Following Business Day
Books Close: From each 15 March, 15 June,
15 September, and 15
December until the
applicable Interest Payment
Date
Last day to register: By 17h00 on 14 March, 14
June, 14 September, and 14
December 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 27 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: 27-03-2023 09:56:00
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