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New Financial Instrument Listing Announcement - “SBC114”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC114"
Stock Code: SBC114
ISIN Code: ZAG000212689
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC114 Senior Unsecured Floating Rate
Credit Linked 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) ZAR102,125,714,429.70.
Full Note details are as follows:
Issue Date: 19 February 2025
Nominal Issued: ZAR25,000,000
Coupon Rate: three-month ZAR-JIBAR-SAFEX
Plus 1.27%
Coupon Indicator: Floating Rate
Interest Determination Dates: Each 31 March, 30 June, 30
September, and 31 December
of each year, commencing on
Issue Date until the
Maturity Date
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 March 2032
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 March 2025
Interest Payment Dates: Each 31 March, 30 June, 30
September, and 31 December
of each year until the
Maturity Date with the first
Interest Payment Date being
31 March 2025, 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 26 March, 25 June, 25
September, and 26 December,
until the applicable
Interest Payment Date.
Last day to register: 17h00 on 25 March, 24 June,
24 September, and 25
December 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 18 February 2025
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: 18-02-2025 10:52:00
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