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New Financial Instrument Listing Announcement - “CLN895”

Published: 2022-10-03 10:32:35 ET
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The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN895”

Stock Code: CLN895
ISIN Code: ZAG000190703

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN895 Senior Unsecured Mixed Rate Credit
Linked Notes due 28 February 2031 - 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)           ZAR71,579,644,247.61.
Full Note details are as follows:
Issue Date:                         04 October 2022
Nominal Issued:                     ZAR55,000,000
Coupon Rate:                        Fixed Notes – From, and
                                    including, 31 August 2025
                                    until (but excluding) the
                                    Maturity Date: 10.55% 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 August 2025:
                                    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
                                    28 February, 31 May, 31
                                    August and 30 November of
                                    each year, commencing on the
                                 Issue   Date   until    (but
                                 excluding) 31 August 2025


Trade Type:                      Price
Issue Price:                     100%
Maturity Date:                   28 February 2031
Interest Commencement Date:      Issue Date

First Interest Payment Date:     30 November 2022

Interest Payment Dates:          In respect of:

                                 Fixed   Rate    Notes   –   28
                                 February, 31 May, 31 August
                                 and 30 November of each year
                                 until the Maturity Date,
                                 with   the   first    Interest
                                 Payment    Date    being    30
                                 November 2025

                                 Floating Rate Notes – each
                                 28 February, 31 May, 31
                                 August and 30 November of
                                 each    year   until    (and
                                 including) 31 August 2025


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

Last day to register:            By: 17:00 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

Books Close:                     From each 23 February, 26
                                 May, 26 August, 25 November,
                                 until     the     applicable
                                 Interest Payment Date


Optional Call Date:              31 August 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 03 October 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