Try our mobile app

New Financial Instrument Listing Announcement - “CLN897”

Published: 2022-10-05 10:32:24 ET
<<<  go to JSE:SBK company page
The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN897”

Stock Code: CLN897
ISIN Code: ZAG000190786

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN897 Senior Unsecured Floating Rate
Credit Linked Notes due 02 April 2025 - 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)           ZAR71,446,923,247.61Full
Note details are as follows:
Issue Date:                         06 October 2022
Nominal Issued:                     ZAR100,000,000
Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus 1.55%, as per the
                                    Pricing Supplement
Coupon Indicator:                   Floating

Interest Determination Dates:       Each 02 January, 02 April,
                                    02 July and 02 October of
                                    each year, commencing on the
                                    Issue Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      02 April 2026
Interest Commencement Date:         Issue Date
First Interest Payment Date:        02 January 2023

Interest Payment Dates:             Each 02 January, 02 April,
                                    02 July and 02 October of
                                    each year until the Maturity
                                    Date
Business Day Count/Convention:      Actual/365(fixed)        and
                                    Following Business Day

Books Close:                        From 28 December, 28 March,
                                    27 June and 27 September, of
                                    each    year    until    the
                                    applicable Interest Payment
                                    Date

Last day to register:               By: 17h00 on 27 December, 27
                                    March,   26   June  and   26
                                   September of each year, 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 05 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