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New Financial Instrument Listing Announcement - “SBC073”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC073"
Stock Code: SBC073
ISIN Code: ZAG000208646
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC073 Senior Unsecured Floating Rate
Credit Linked Notes due 28 February 2035- 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) ZAR94,116,749,646.19
Full Note details are as follows:
Issue Date: 10 September 2024
Nominal Issued: ZAR30,000,000
Coupon Rate: Floating at 19.27% -3m
Jibar.
Coupon Indicator: Floating Rate
Interest Determination Dates: Each 28 February, 31 May, 31
August, and 30 November of
each year, commencing on the
Issue Date and during a leap
year the Interest Rate
Determination Date will be
29 February rather than 28
February.
Trade Type: Price
Issue Price: 100%
Maturity Date: 28 February 2035
Interest Commencement Date: Issue Date
First Interest Payment Date: 30 November 2024
Interest Payment Dates: Each 28 February, 31 May, 31
August, and 30 November of
each year until the Maturity
Date, with the first
Interest Payment Date being
30 November 2024 and during
a leap year, the Interest
Payment Date will be 29
February rather than 28
February. 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
this Applicable Pricing
Supplement).
Business Day Count/Convention: Actual/365(Fixed) and
Following Business Day
Books Close: The Books Closed Period
(during which the Register
will be closed) will be from
each 23 February, 26 May, 26
August, and 25 November,
until the applicable
Interest Payment Date.
Last day to register: 17h00 on 22 February, 25
May, 25 August, and 24
November of each year, or 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 09 September 2024
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: 09-09-2024 10:42:00
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