To view the PDF file, sign up for a MySharenet subscription.

THE STANDARD BANK OF SOUTH AFRICA LIMITED - The Standard Bank of South Africa Limited New Financial Instrument Listing Announcement - SBC090?

Release Date: 12/11/2024 15:48
Code(s): SBC090     PDF:  
Wrap Text
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SBC090”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - "SBC090"

Stock Code: SBC090
ISIN Code: ZAG000210444

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC090 Senior Unsecured Floating Rate
Credit Linked Notes due 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)           ZAR 99 538 436 120,19.

Full Note details are as follows:
Issue Date:                         12 November 2024
Nominal Issued:                     ZAR30,000,000

Coupon Rate:                        three month ZAR-JIBAR-SAFEX
                                    plus 1.58%

Coupon Indicator:                   Floating Rate


Interest Determination Dates:       Each 31 March, 30 June, 30
                                    September, and 31 December
                                    of each year, commencing on
                                    the Issue Date until (but
                                    excluding)   the   Maturity
                                    Date.


Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      31 March 2033
Interest Commencement Date:         Issue Date
First Interest Payment Date:        31 December 2024

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 December 2024. 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 12 November 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: 12-11-2024 03:48:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.