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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SBC103?

Release Date: 05/02/2025 08:00
Code(s): SBC103     PDF:  
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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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