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New Financial Instrument Listing Announcement - “SBC115”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC115"
Stock Code: SBC115
ISIN Code: ZAG000212671
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC115 Senior Unsecured Mixed Rate Notes
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) ZAR102,225,714,429.70.
Full Note details are as follows:
Issue Date: 19 February 2025
Nominal Issued: ZAR100,000,000
Coupon Rate: In respect of each Interest
Period from, and including:
(i) the Issue Date until, but
excluding, 30 September
2029: three-month ZAR-JIBAR-
SAFEX plus 2.00% quarterly
(with a maximum interest
rate of 9.74%); and
(ii) From, and including, 30
September 2029 until, but
excluding, the Maturity
Date: Fixed 10.15% per
annum payable semi-
annually in arrears
Coupon Indicator: Fixed Rate Notes – Fixed
Floating Rate Notes -
Floating
Interest Determination Dates: In respect of:
Fixed Rate Notes– Not
Applicable
Each 31 March, 30 June, 30
September, 31 December
Determination Date(s) of
each year, commencing on
Issue Date until (but
excluding) 30 September
2029.
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: 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 2
being 31 March 2030 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) 30 September 2029
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, 26
December, until the
applicable Interest Payment
Date.
Last day to register: 17h00 on 25 March, 24 June,
24 September, 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 11:02:00
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