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New Financial Instrument Listing Announcement - “CLN896”

Published: 2022-10-05 10:30:39 ET
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The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN896”

Stock Code: CLN896
ISIN Code: ZAG000190794

The JSE Limited has granted a listing to The     Standard Bank of
South Africa Limited – CLN896 Senior Unsecured   Mixed Rate Credit
Linked Notes due 31 March 2032 - 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)           ZAR70,346,923,247.61
Full Note details are as follows:
Issue Date:                         06 October 2022
Nominal Issued:                     ZAR60,000,000
Coupon Rate:                        Fixed Notes – From, and
                                    including, 30 September 2027
                                    until (but excluding) the
                                    Maturity Date: 9.94% 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,    30   September
                                    2027: 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
                                    31   March,  30   June,   30
                                    September and 31 December of
                                    each year, commencing on the
                                 Issue   Date    until   (but
                                 excluding) 30 September 2027


Trade Type:                      Price
Issue Price:                     100%
Maturity Date:                   31 March 2032
Interest Commencement Date:      Issue Date

First Interest Payment Date:     31 December 2022

Interest Payment Dates:          In respect of:

                                 Fixed Rate Notes – 31 March,
                                 30 June, 30 September and 31
                                 December of each year until
                                 the Maturity Date, with the
                                 first Interest Payment Date
                                 being 31 December 2027

                                 Floating Rate Notes – each
                                 31   March,  30   June,   30
                                 September and 31 December of
                                 each    year   until    (and
                                 including) 30 September 2027


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

Last day to register:            By: 17:00 on 25 March, 24
                                 June, 24 September and 25
                                 December 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 March, 25 June,
                                 25 September, 26 December,
                                 until     the     applicable
                                 Interest Payment Date



Optional Call Date:              30   September    2027,   30
                                 September 2028, 30 September
                                 2029, 30 September 2030 and
                                   30 September 2031


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