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New Financial Instrument Listing Announcement - “SBC103”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC103"
Stock Code: SBC103
ISIN Code: ZAG000212259
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC103 Floating Rate Listed Notes due
28 February 2035- 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) ZAR101 573 084 429,70
Full Note details are as follows:
Issue Date: 05 February 2025
Nominal Issued: ZAR30,000,000
Coupon Rate: 3-month Jibar + 2.50% with a
maximum interest rate of
10.65%
Coupon Indicator: Floating Rate
Interest Determination Dates: Each 28 February, 31 May, 31
August, and 30 November of
each year, commencing on
Issue Date until the
Maturity Date 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: 28 February 2025.
Interest Payment Dates: Each 28 February, 31 May, 31
August, and 30 November of
each year until the Maturity
Date with the first Interest
Payment Date being 28
February 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).
Books Close: The Books Closed Period
(during which the Register
will be closed) will be from
each 23 February, 26 May, 26
August, and 25 November,
(and during a leap year, the
Books Closed period will be
24 February rather than 23
February) until the
applicable Interest Payment
Date.
Last day to register: 17h00 on 22 February, 25
May, 25 August, and 24
November of each year, (and
during a leap year, the Last
Day to Register will be 23
February rather than 22
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 05 February 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: 05-02-2025 08:00:00
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