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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN879?

Release Date: 16/08/2022 09:48
Code(s): CLN879     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN879”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN879”

Stock Code: CLN879
ISIN Code: ZAG000189010


The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN879 Senior Unsecured Floating Rate
Credit Linked Notes due 02 April 2026 - sponsored by The Standard
Bank of South Africa Limited, under its Structured Note
Programme.

Authorised Programme size           ZAR80,000,000,000
Total notes issued
(including current issue)           ZAR 71,239,218,669.61
Full Note details are as follows:
Issue Date:                         17 August 2022
Nominal Issued:                     ZAR50,000,000
Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus 2.00%, as per the
                                    Pricing Supplement
Coupon Indicator:                   Floating

Interest Determination Dates:       Each 02 January, 02 April,
                                    02 July and 02 October of
                                    each year, commencing on the
                                    Issue Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      02 April 2026
Interest Commencement Date:         Issue Date
First Interest Payment Date:        02 October 2022

Interest Payment Dates:             Each 02 January, 02 April,
                                    02 July and 02 October of
                                    each year until Maturity
                                    Date
Business Day Count/Convention:      Actual/365(fixed)      and
                                    Following Business Day

Books Close:                        From 28 December, 28 March,
                                    27 June and 27 September of
                                    each    year   until    the
                                    applicable Interest Payment
                                    Date
Last day to register:               By: 17:00 on 27 December, 27
                                    March,   26   June   and   26
                                    September of each year, or
                                    if such day is not a Business
                                    Day, the Business Day before
                                    each Books Closed Period
                                    until the Maturity Date
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 16 August 2022
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: 16-08-2022 09:48:00
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