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New Financial Instrument Listing Announcement - “CLN910”

Published: 2022-12-28 13:32:33 ET
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The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN910”

Stock Code: CLN910
ISIN Code: ZAG000192857

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN910 Senior Unsecured Mixed Rate Notes
due 20 December 2027 - 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)           ZAR71,093,936,169.61
Full Note details are as follows:
Issue Date:                         15 December 2022
Nominal Issued:                     ZAR 100,000,000
Coupon Rate:

                                    Mixed Rate Notes – From, and
                                    including, the Issue Date
                                    until, but excluding, 20
                                    June 2024: three month ZAR-
                                    JIBAR-SAFEX plus 3.10%; and
                                         From, and including,
                                    20 June 2024 until, but
                                    excluding,   the    Maturity
                                    Date: 11.55% quarterly.

Coupon Indicator:                   Mixed Rate Note


Interest Determination Dates:       Each 20 March, 20 June, 20
                                    September and 20 December of
                                    each year, commencing on the
                                    Issue   Date    until   (but
                                    excluding) 20 June 2024
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      09 December 2025
Interest Commencement Date:         Issue Date
First Interest Payment Date:        20 March 2023

Interest Payment Dates:             20   March,   20 June,  20
                                    September, and 20 December
                                    of each year until the
                                    Maturity   Date, with  the
                                   first Interest Payment Date
                                   being 20 September 2024

                                   Floating Rate Notes – each
                                   20   March,  20   June,   20
                                   September, and 20 December
                                   of each year until (and
                                   including) 20 June 2024 with
                                   the first Interest Payment
                                   Date being 20 March 2023.


Business Day Count/Convention:     Actual/365(fixed)        and
                                   Following Business Day
Books Close:                       15    March,    15     June,
                                   15 September, and December
                                   until     the     applicable
                                   Interest Payment Date
Last day to register:              By 17h00 on 14 March,
                                   14 June, 14 September, and
                                   14 December of each year
                                   until the Maturity Date. If
                                   such day is not a Business
                                   Day, 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 28 December 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