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New Financial Instrument Listing Announcement - “CLN867”

Published: 2022-07-21 13:15:36 ET
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The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN867”

Stock Code: CLN867
ISIN Code: ZAG000188418

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN867 Senior Unsecured Mixed Rate Credit
Linked Notes due 31 January 2030 - 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)           ZAR 69,790,422,469.61.
Full Note details are as follows:
Issue Date:                         22 July 2022
Nominal Issued:                     ZAR 110,000,000
Coupon Rate:                        Fixed Notes – From, and
                                    including, 31 January 2025
                                    until (but excluding) the
                                    Maturity Date: 9.92% 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 January 2025:
                                    three-month ZAR-JIBAR-SAFEX
                                    plus   4.05%    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 January, 30 April, 31
                                    July and 31 October of each
                                    year,   commencing   on  the
                                    Issue    Date   until   (but
                                    excluding) 31 January 2025
Trade Type:                      Price
Issue Price:                     100%
Maturity Date:                   31 January 2030
Interest Commencement Date:      Issue Date
First Interest Payment Date:     31 October 2022

Interest Payment Dates:          In respect of:

                                 Fixed   Rate   Notes   –   31
                                 January, 30 April, 31 July
                                 and 31 October of each year
                                 until the Maturity Date,
                                 with   the   first   Interest
                                 Payment Date being 30 April
                                 2025

                                 Floating Rate Notes – each
                                 31 January, 30 April, 31
                                 July and 31 October of each
                                 year until (and including)
                                 31 January 2025


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

Last day to register:            By: 17:00 on 25 January, 24
                                 April,   25  July   and   25
                                 October 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 January, 25
                                 April,   26  July   and  26
                                 October,      until     the
                                 applicable Interest Payment
                                 Date
Optional Call Date:              31 January 2025

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 21 July 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