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New Financial Instrument Listing Announcement - “SBC159”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC159"
Stock Code: SBC159
ISIN Code: ZAG000215963
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC159 Senior Unsecured Mixed Rate Notes
28 February 2035 - sponsored by The Standard Bank of South Africa
Limited, under its Structured Note Programme.
Authorised Programme size ZAR150,000,000,000
Total notes issued
(including current issue) ZAR112,108,206,951.70.
Full Note details are as follows:
Issue Date: 29 May 2025
Nominal Issued: ZAR50,000,000
Coupon Rate: In respect of each Interest
Period from, and including:
(i)
the Issue Date to, but
excluding, 28 February 2030:
three-month ZAR-JIBAR-SAFEX
plus 2.00% quarterly; and
(ii) From, and including,
28 February 2030 until,
but excluding, the
Maturity Date: Fixed
11.26% per annum payable
semi-annually.
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, 30 November of
each year, commencing on
Issue Date until (but
excluding) 28 February 2030
and during a leap year, the
Interest 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 2025
Interest Payment Dates: In respect of:
Fixed Rate Notes - Each
28 February and 31 August of
each year until the Maturity
Date, with the first
Interest Payment Date being
31 August 2030 and during a
leap year, the Interest
Payment Date will be 29
February rather than 28
February 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 this Applicable Pricing
Supplement)
Floating Rate Notes –
Each 28 February, 31 May,
31 August, 30 November of
each year until(and
including) 28 February 2030
with the first Interest
Payment Date being
31 May 2025 and during a
leap year, the Interest
Payment Date will be
29 February rather than
28 February, 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 this Applicable Pricing
Supplement)
Business Day Count/Convention: Actual/365(Fixed)and
Following Business Day.
Books Close: The Books Closed Period
(During which the Register
will be closed) will be
from each 27 February,
30 May, 30 August and
29 November, (and during a
leap year, the Books Closed
Period will be 28 February
rather than 27 February)
until the applicable
Interest Payment Date.
Last day to register: 17h00 on 26 February,
29 May, 29 August and
28 November of each year,
(And during a leap year,
the Last Day to Register
will be 27 February rather
than 26 February) or if
such day is not a Business
Day, the Business Day
before each Books Closed
Period.
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 28 May 2025
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: 28-05-2025 12:23:00
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