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New Financial Instrument Listing Announcement - “CLN951”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN951”
Stock Code: CLN951
ISIN Code: ZAG000196122
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN951 Senior Unsecured Mixed Rate Notes
due 31 March 2032 - 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) ZAR80,183,681,081.61
Full Note details are as follows:
Issue Date: 19 May 2023
Nominal Issued: ZAR50,000,000.00
Coupon Rate: Floating Rate Notes – From,
and including, the Issue
Date until, but excluding,
31 March 2026: three month
ZAR-JIBAR-SAFEX plus 3.00%;
and
Fixed Rate Notes - From,
and including, 31 March 2026
until, but excluding, the
Maturity Date: 11.00%
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 March, 30 June, 30
September and 31 December of
each year, with the first
Interest Rate Determination
Date being the Issue Date,
until (but excluding) 31
March 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 March 2032
Interest Commencement Date: Issue Date
First Interest Payment Date: 30 June 2023
Interest Payment Dates: In respect of:
Fixed Rate Notes – Each 31
March and 30 September of
each year until the Maturity
Date, with the first
Interest Payment Date being
30 September 2026
Floating Rate Notes – Each
31 March, 30 June, 30
September, and 31 December
of each year until (and
including) 31 March 2026,
with the first Interest
Payment Date being 30 June
2023.
Business Day Count/Convention: Actual/365(fixed) and
Following Business Day
Books Close: From each 26 March, 25 June,
25 September and 26 December
until the applicable
Interest Payment Date
Last day to register: 17h00 on 25 March, 24 June,
24 September and 25
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 18 May 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: 18-05-2023 10:59:00
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