New Financial Instrument Listing Announcement - “CLN952”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN952”
Stock Code: CLN952
ISIN Code: ZAG000196239
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN952 Senior Unsecured Floating Rate
Notes due 23 September 2026 - 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) ZAR80,233,681,081.61
Full Note details are as follows:
Issue Date: 22 May 2023
Nominal Issued: ZAR50,000,000
Coupon Rate: Floating Rate Notes – From,
and including, the Issue
Date until, but excluding,
23 September 2026: three
month ZAR-JIBAR-SAFEX plus
2.80%; and
Coupon Indicator: Floating Rate Notes -
Floating
Interest Determination Dates: Each 23 March, 23 June, 23
September and 23 December of
each year, with the first
Interest Rate Determination
Date being the Issue Date.
Trade Type: Price
Issue Price: 100%
Maturity Date: 23 September 2026
Interest Commencement Date: Issue Date
First Interest Payment Date: 23 June 2023
Interest Payment Dates: Each 23 March, 23 June, 23
September and 23 December of
each year until (and
including) 23 September
2026, with the first
Interest Payment Date being
23 June 2023.
Business Day Count/Convention: Actual/365(Fixed) and
Following Business Day
Books Close: From 18 March, 18 June, 18
September and 18 December
until the applicable
Interest Payment Date
Last day to register: 17h00 on 17 March, 17 June,
17 September and 17
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 22 May 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: 22-05-2023 11:46:00
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