Try our mobile app

New Financial Instrument Listing Announcement - “CLN995”

Published: 2023-11-27 12:20:19 ET
<<<  go to JSE:SBK company page
The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN995”

Stock Code: CLN995
ISIN Code: ZAG000201476

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN995 Senior Unsecured Floating Rate
Credit Linked Notes due 14 August 2025 - 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)           ZAR79,716,563,681.19.
Full Note details are as follows:
Issue Date:                         28 November 2023
Nominal Issued:                     ZAR500,000,000.00

Coupon Rate:                        three month ZAR-JIBAR-SAFEX
                                    plus    1.35%    per     the
                                    Applicable           Pricing
                                    Supplement.

Coupon Indicator:                   Floating   Rate      Notes     -
                                    Floating


Interest Determination Dates:       Each 14 February, 14 May, 14
                                    August and 14 November of
                                    each year, commencing on the
                                    Issue Date.
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      14 August 2025
Interest Commencement Date:         Issue Date
First Interest Payment Date:        14 February 2024

Interest Payment Dates:             Each 14 February, 14 May, 14
                                    August and 14 November of
                                    each year until the Maturity
                                    Date,    with   the    first
                                    Interest Payment Date being
                                    14 February 2024.


Business Day Count/Convention:      Actual/365(Fixed)            and
                                    Following Business Day
Books Close:                       From 09 February, 09 May, 09
                                   August and 09 November until
                                   the   applicable    Interest
                                   Payment Date
Last day to register:              17h00 on 08 February, 08
                                   May, 08 August and 08
                                   November of each year until
                                   the Maturity Date. 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 27 November 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