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New Financial Instrument Listing Announcement - “CLN838”

Published: 2022-06-13 10:15:41 ET
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The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN838”

Stock Code: CLN838
ISIN Code: ZAG000187097

The JSE Limited has granted a listing to The      Standard Bank of
South Africa Limited – CLN838 Senior Unsecured   Mixed Rate Credit
Linked Notes due 31 March 2032 - sponsored by    The Standard Bank
of South Africa Limited, under its Structured    Note Programme.

Authorised Programme size           ZAR80,000,000,000
Total notes issued
(including current issue)           ZAR68,362,850,447.61.
Full Note details are as follows:
Issue Date:                         14 June 2022
Nominal Issued:                     ZAR 40,000,000
Coupon Rate:                        Fixed Notes – From, and
                                    including, 31 March 2027
                                    until (but excluding) the
                                    Maturity Date: 9.72% per
                                    annum payable quarterly in
                                    arrears,     as    per     the
                                    Applicable             Pricing
                                    Supplement
                                    Floating Rate Notes - From,
                                    and including, the Interest
                                    Commencement Date to, but
                                    excluding, 31 March 2027:
                                    three-month ZAR-JIBAR-SAFEX
                                    plus   3.00%    as   per   the
                                    Applicable             Pricing
                                    Supplement
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
                                    31   March,   30    June,   30
                                    September and 31 December of
                                    each year, commencing on the
                                    Issue    Date    until    (but
                                    excluding) 31 March 2027
Trade Type:                         Price
Issue Price:                     100%
Maturity Date:                   31 March 2032
Interest Commencement Date:      Issue Date
First Interest Payment Date:     30 September 2022

Interest Payment Dates:          In respect of:

                                 Fixed Rate Notes – 31 March,
                                 30 June, 30 September and 31
                                 December of each year until
                                 the Maturity Date, with the
                                 first Interest Payment Date
                                 being 30 June 2027

                                 Floating Rate Notes – each
                                 31   March,   30    June,   30
                                 September and 31 December of
                                 each    year    until     (and
                                 including)      31 March 2027
                                 with   the   first    Interest
                                 Payment    Date    being    30
                                 September 2022


Business Day Count/Convention:   Actual/365(fixed)         and
                                 Following Business Day

Last day to register:            By:   17:00    on   25 March,
                                 24 June, 24 September and
                                 25 December of each year, or
                                 if such day is not a Business
                                 Day, the Business Day before
                                 each Books Closed Period

Books Close:                     From each 26 March, 25 June,
                                 25 September and 26 December
                                 until     the     applicable
                                 Interest Payment Date


Optional Call Date:              31   March   2027;
                                 31   March   2028;
                                 31   March   2029;
                                 31   March   2030; and
                                 31   March   2031

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 13 June 2022
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