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New Financial Instrument Listing Announcement - “SBC124”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC124"
Stock Code: SBC124
ISIN Code: ZAG000213315
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC124 Senior Unsecured Mixed Rate Notes
31 March 2033 - 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) ZAR103,851,603,429.70.
Full Note details are as follows:
Issue Date: 10 March 2025
Nominal Issued: ZAR150,000,000
Coupon Rate: In respect of each Interest
Period from, and including:
(i) the Issue Date until, but
excluding, 31 March 2028:
three-month ZAR-JIBAR-SAFEX
plus 2.80% quarterly; and
(ii) From, and including, 31
March 2028 until, but
excluding, the Maturity
Date: Fixed 9.35% 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, 31 December
Determination Date(s) of
each year, commencing on
Issue Date until (but
excluding) 31 March 2028
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 March 2033
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 March 2025
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
30 September 2028 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
this Applicable Pricing
Supplement)
Floating Rate Notes –
Each 31 March, 30 June, 30
September, 31 December of
each year until (and
including) 31 March 2028
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 12
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 07 March 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: 07-03-2025 03:13:00
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