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New Financial Instrument Listing Announcement - “CLN975”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN975”
Stock Code: CLN975
ISIN Code: ZAG000199241
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN975 Senior Unsecured Floating 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) ZAR 77,108,850,841.52
Full Note details are as follows:
Issue Date: 08 September 2023
Nominal Issued: ZAR 1,000,000,000.00
Coupon Rate: In respect of each Interest
Period from, and including
(i) the Issue Date until,
but excluding, 31 October
2026: three month ZAR-JIBAR-
SAFEX plus 2.10%; and
(ii) From, and including, 31
October 2026 until, but
excluding, the Scheduled
Maturity Date: three month
ZAR-JIBAR-SAFEX plus 2.17%.
Coupon Indicator: Floating Rate Notes -
Floating
Interest Determination Dates: Each 31 January, 30 April,
31 July and 31 October of
each year, with the first
Interest Rate Determination
Date being the Issue Date.
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 January 2030
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 October 2023
Interest Payment Dates: Each 31 January, 30 April,
31 July and 31 October of
each year until the Maturity
Date, with the first
Interest Payment Date being
31 October 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: 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 07 September 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: 07-09-2023 11:58:00
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