Try our mobile app

New Financial Instrument Listing Announcement - “SSN202”

Published: 2023-05-29 12:56:27 ET
<<<  go to JSE:SBK company page
The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “SSN202”

Stock Code: SSN202
ISIN Code: ZAG000196643

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN202 Senior Unsecured Floating Rate
Notes due 30 May 2028 - 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)           ZAR80,332,373,086.61.
Full Note details are as follows:
Issue Date:                         30 May 2023
Nominal Issued:                     ZAR 20,000,000.00
Coupon Rate:                        2.00% plus
                                    Three-month ZAR-JIBAR-SAFEX
                                    as   per    the   Applicable
                                    Pricing Supplement
Coupon Indicator:                   Floating

Interest Determination Dates:       Each 28 February (unless a
                                    Leap Year then 29 February),
                                    30 May, 30 August and 30
                                    November   of   each   year,
                                    commencing on 30 May 2023
                                    until the Maturity Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      30 May 2028
Interest Commencement Date:         Issue Date
First Interest Payment Date:        30 August 2023

Interest Payment Dates:             Each 28 February (unless a
                                    Leap Year then 29 February),
                                    30 May, 30 August and 30
                                    November   of   each   year,
                                    commencing on 30 August 2023
                                    until the Maturity Date, 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
                                   23 February (unless a leap
                                   year, then 24 February), 25
                                   May, 25 August, and 25
                                   November       until     the
                                   applicable Interest Payment
                                   Date
Last day to register:              By 17h00 on 22 February
                                   (unless a Leap year then 23
                                   February), 24 May, 24
                                   August and 24 November or
                                   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 29 May 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