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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN963?

Release Date: 10/08/2023 12:03
Code(s): CLN963     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN963”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN963”

Stock Code: CLN963
ISIN Code: ZAG000198227

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN963 Senior Unsecured Fixed Rate Credit
Linked Notes due 20 June 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)           ZAR79,603,500,287.61
Full Note details are as follows:

Issue Date:                         11 August 2023
Nominal Issued:                     ZAR40,000,000
Coupon Rate:                        13.60%, as per the
                                    Applicable Pricing
                                    Supplement

Coupon Indicator:                   Fixed
Interest Determination Dates:       Not Applicable
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      20 June 2032
Interest Commencement Date:         11 August 2023
First Interest Payment Date:        20 December 2023

Interest Payment Dates:             Each 20 June and 20 December
                                    of each year until the
                                    Maturity Date
Business Day Count/Convention:      Actual/365 (Fixed) and
                                    Following Business Day
                                    Convention
Books Close:                        From each 15 June and 15
                                    December, until the
                                    applicable interest Payment
                                    Date
Last day to register:               17h00 on 14 June and 14
                                    December of each year, or if
                                    such day is not a Business
                                    Day, the Business Day before
                                    each Books Close 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 Securities Depository
(“CSD”) and settlement will take place electronically in terms
of the JSE Rules.

Dated 10 August 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: 10-08-2023 12:03:00
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