Try our mobile app

New Financial Instrument Listing Announcement - “CLN871”

Published: 2022-07-29 11:39:40 ET
<<<  go to JSE:SBK company page
The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN871”

Stock Code: CLN871
ISIN Code: ZAG000188624



The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN871 Senior Unsecured Floating 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)           ZAR71,330,442,469.61
Full Note details are as follows:
Issue Date:                         01 August 2022
Nominal Issued:                     ZAR500,000,000
Coupon Rate:                        three-month ZAR-JIBAR-SAFEX
                                    plus 1.85%, as per the
                                    Pricing Supplement
Coupon Indicator:                   Floating

Interest Determination Dates:       Each 31 January, 30 April,
                                    31 July and 31 October of
                                    each year, commencing on the
                                    Issue Date
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:             Each 31 January, 30 April,
                                    31 July and 31 October of
                                    each year until the Maturity
                                    Date
Business Day Count/Convention:      Actual/365(fixed)        and
                                    Following Business Day

Books Close:                        From each 26 January, 25
                                    April,   26  July   and  26
                                    October,      until     the
                                    applicable Interest Payment
                                    Date.
Last day to register:              By: 17h00 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
                                   until the Maturity Date
Optional Call Date:                31 July 2027
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 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