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New Financial Instrument Listing Announcement - “SBC077”

Published: 2024-09-19 12:56:22 ET
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The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “SBC077”

Stock Code: SBC077
ISIN Code:   ZAG000208976
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC077 Senior Unsecured Mixed Rate Notes
28 February 2035- 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)           ZAR96 492 071 453,19
Full Note details are as follows:
Issue Date:                         20 September 2024
Nominal Issued:                     ZAR 1,000,000,000

Coupon Rate:                        In respect of each Interest
                                    Period from, and including:

                                    (i) Floating at J + 3.50% to
                                    31 Aug 2029 and

                                    ii)9.50% nacs thereafter


Coupon Indicator:                   Fixed Rate Notes – Fixed
                                    Floating   Rate   Notes      -
                                    Floating



Interest Determination Dates:       In respect of:

                                    Fixed Rate   Notes     –   Not
                                    Applicable

                                    Each 28 February, 31 May, 31
                                    August, and 30 November of
                                    each year, with the first
                                    Interest Rate Determination
                                    Date being the Issue Date,
                                    until (but excluding) 31
                                    August 2029 and during a
                                    leap   year,  the   Interest
                                    Determination Date will be
                                    29 February rather than 28
                                    February.
Trade Type:                    Price
Issue Price:                   100%
Maturity Date:                 28 February 2035
Interest Commencement Date:    Issue Date
First Interest Payment Date:   30 November 2024

Interest Payment Dates:        In respect of:

                               Fixed Rate Notes – Each 28
                               February and 31 August of
                               each year until the Maturity
                               Date,    with    the     first
                               Interest Payment Date being
                               28 February 2030 and during
                               a leap year, the Interest
                               Payment Date will be 29
                               February   rather    than   28
                               February. If such day is not
                               a Business Day, 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).

                               Floating Rate Notes – Each
                               28 February, 31 May, 31
                               August, and 30 November of
                               each    year    until     (and
                               including) 31 August 2029
                               with   the   first    Interest
                               Payment    Date    being    30
                               November 2024 and during a
                               leap   year,   the    Interest
                               Payment Date will be 29
                               February   rather    than   28
                               February. If such day is not
                               a Business Day, 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
                                   each 23 February, 26 May, 26
                                   August, and 25 November,
                                   until     the      applicable
                                   Interest Payment Date.

Last day to register:              17h00 on 22 February, 25
                                   May, 25 August, and 24
                                   November of each year, or if
                                   such day is not a Business
                                   Day, the Business Day before
                                   each Books Closed Period.

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 19 September 2024
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