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New Financial Instrument Listing Announcement - “SBC131”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC131"
Stock Code: SBC131
ISIN Code: ZAG000213737
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC131 Senior Unsecured Mixed Rate Notes
31 January 2037 - 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) ZAR105,591,203,429.70.
Full Note details are as follows:
Issue Date: 19 March 2025
Nominal Issued: ZAR240,000,000
Coupon Rate: In respect of each Interest
Period from, and including:
(i) the Issue Date until, but
excluding, 31 January 2032:
three month ZAR-JIBAR-SAFEX
plus 2.50% quarterly; and
(ii) From, and including, 31
January 2032 until, but
excluding, the Maturity
Date: Fixed 11.00% semi-
annually.
Coupon Indicator: Fixed Rate Notes – Fixed
Floating Rate Notes -Floating
Interest Determination Dates: In respect of:
Fixed Rate Notes – Not
Applicable
Each 31 January, 30 April,
31 July, and 31 October of
each year, commencing on
Issue Date until (but
excluding) 31 January 2032.
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 January 2037
Interest Commencement Date: Issue Date
First Interest Payment Date: 30 April 2025
Interest Payment Dates: In respect of:
Fixed Rate Notes - Each 31
January and 31 July of each
year until the Maturity
Date, with the first
Interest Payment Date being
31 July 2032 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 31 January, 30 April,
31 July, and 31 October of
each year until (and
including) 31 January 2032,
with the first Interest
Payment Date being 30 April
2025, 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).
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 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, 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 18 March 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: 18-03-2025 03:07:00
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