JSE Sens
New Financial Instrument Listing Announcement - “CLN827”
2022/05/24 10:15:00Download PDF Stock report
New Financial Instrument Listing Announcement - “CLN827”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN827”
Stock Code: CLN827
ISIN Code: ZAG000186289
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN827 Senior Unsecured Mixed Rate Credit
Linked Notes due 31 January 2030 - 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) ZAR67,165,485,397.61.
Full Note details are as follows:
Issue Date: 25 May 2022
Nominal Issued: ZAR500,000,000
Coupon Rate: Fixed Notes – From, and
including, 31 July 2025
until (but excluding) the
Maturity Date: 9.55% per
annum payable quarterly in
arrears, as per the
Applicable Pricing
Supplement
Floating Rate Notes - From,
and including, the Interest
Commencement Date to, but
excluding, 31 July 2025:
three-month ZAR-JIBAR-SAFEX
plus 3.00% as per the
Applicable Pricing
Supplement
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 January, 30 April, 31
July and 31 October of each
year, commencing on the
Issue Date until (but
excluding) 31 July 2025
Trade Type: Price
Issue Price: 100%
Maturity Date: 31 January 2030
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 July 2022
Interest Payment Dates: In respect of:
Fixed Rate Notes –
31 January, 30 April,
31 July and 31 October of
each year until the Maturity
Date, with the first
Interest Payment Date being
31 October 2025
Floating Rate Notes – each
31 January, 30 April,
31 July and 31 October of
each year until (and
including) 31 July 2025
Business Day Count/Convention: Actual/365(fixed) and
Following Business Day
Last day to register: By: 17:00 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
Books Close: From each 26 January,
25 April, 26 July and
26 October until the
applicable Interest Payment
Date
Optional Call Date: 31 July 2025
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 24 May 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: 24-05-2022 10:15:00
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.