Try our mobile app

New Financial Instrument Listing Announcement - “CLN898”

Published: 2022-10-06 10:00:25 ET
<<<  go to JSE:SBK company page
The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN898”

Stock Code: CLN898
ISIN Code: ZAG000190810

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN898 Senior Unsecured Credit Linked
Notes due 31 August 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)           ZAR71,596,923,247.61
Full Note details are as follows:
Issue Date:                         07 October 2022
Nominal Issued:                     ZAR150,000,000
Coupon Rate:                        9.47%   per  annum   payable
                                    semi-annually in arrears, as
                                    per the Applicable Pricing
                                    Supplement
Coupon Indicator:                   Fixed
Interest Determination Dates:       Not Applicable
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      31 August 2025
Interest Commencement Date:         Issue Date
First Interest Payment Date:        28 February 2023

Interest Payment Dates:             Each     28 February     and
                                    31 August of each year until
                                    the Maturity Date and during
                                    a leap year, the Interest
                                    Payment    Date    will   be
                                    29 February    rather   than
                                    28 February
Business Day Count/Convention:      Actual/365(fixed)        and
                                    Following Business Day

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

Last day to register:               By: 17h00 on 22 February and
                                    25 August 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 06 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