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New Financial Instrument Listing Announcement - “CLN962”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN962”
Stock Code: CLN962
ISIN Code: ZAG0000107004
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN962 Senior Unsecured Mixed Rate Notes
due 31 March 2032 - 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) ZAR80,173,274,520.61
Full Note details are as follows:
Issue Date: 07 August 2023
Nominal Issued: ZAR30,000,000.00
Coupon Rate: Floating Rate Notes – From,
and including, the Issue
Date until, but excluding,
30 September 2026: three
month ZAR-JIBAR-SAFEX plus
3.00%; and
Fixed Rate Notes - From,
and including, 30 September
2026 until, but excluding,
the Maturity Date: 10.20%
semi-annually.
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, with the first
Interest Rate Determination
Date being the Issue Date,
until (but excluding) 30
September 2026 or, if such
day is not a Business Day,
the Business Day on which
the interest will be paid,
as determined in accordance
with the applicable Business
Day Convention (as specified
in the Applicable Pricing
Supplement).
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 March 2032
Interest Commencement Date: Issue Date
First Interest Payment Date: 30 September 2023
Interest Payment Dates: In respect of:
Fixed Rate Notes – Each 31
March and 30 September of
each year until the Maturity
Date, with the first
Interest Payment Date being
31 March 2027.
Floating Rate Notes – Each
31 March, 30 June, 30
September, and 31 December
of each year until (and
including) 30 September 2026
with the first Interest
Payment Date being 30
September 2023.
Business Day Count/Convention: Actual/365(fixed) and
Following Business Day
Books Close: From each 26 March, 25 June,
25 September and 26
December, until the
applicable Interest Payment
Date.
Last day to register: By 17h00 on 25 March, 24
June, 24 September, and 25
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 04 August 2023
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
Date: 04-08-2023 10:48:00
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