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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SBC143?

Release Date: 09/04/2025 11:28
Code(s): SBC143     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “SBC143”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - "SBC143"

Stock Code: SBC143
ISIN Code:   ZAG000214602

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC143 Senior Unsecured Mixed Rate Notes
31 January 2040 - sponsored by The Standard Bank of South Africa
Limited, under its Structured Note Programme.

Authorised Programme size             ZAR150,000,000,000
Total notes issued
(including current issue)             ZAR107,552,151,102.70.
Full Note details are as follows:
Issue Date:                           10 April 2025
Nominal Issued:                       ZAR250,000,000

Coupon Rate:                          In respect of each Interest
                                      Period from, and including:
                                (i)   the Issue Date until, but
                                      excluding, 31 January 2031:
                                      three-month ZAR-JIBAR-SAFEX
                                      plus 3.20% quarterly; and

                                (ii) From, and including, 31
                                     January 2031 until, but
                                     excluding,   the  Maturity
                                     Date: Fixed 12.02% per
                                     annum     payable    semi-
                                     annually.

Coupon Indicator:                     Fixed Rate Notes – Fixed
                                      Floating   Rate   Notes      -
                                      Floating



Interest Determination Dates:         In respect of:

                                      Fixed Rate   Notes   – Not
                                      Applicable

                                      Each 31 January, 30 April,
                                      31 July, 31 October of each
                                      Determination Date(s) year,
                                      commencing on Issue Date
                                      until (but excluding) 31
                                      January 2031.
Trade Type:                           Price
Issue Price:                          100%
Maturity Date:                        31 January 2040
Interest Commencement Date:           Issue Date
First Interest Payment Date:          30 April 2025

Interest Payment Dates:               In respect of:

                                      Fixed Rate Notes - Each 31
                                      January and 31 July of each
                                      year   until   the   Maturity
                                      Date, with    the    first
                                      Interest Payment Date being
                                      31 July 2031 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 January, 30 April,
                                      31 July, 31 October of each
                                      year until (and including)
                                      31 January 2031 with the
                                      first Interest Payment Date
                                      being 30 April 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 January, 25
                                     April, 26 July and 26
                                     October, until      the
                                     applicable Interest Payment
                                     Date.

Last day to register:               17h00 on 25 January, 24
                                    April, 25 July and 25
                                    October 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 09 April 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: 09-04-2025 11:28:00
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