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New Financial Instrument Listing Announcement - “CLN850”
2022/06/27 11:35:00Download PDF Stock report
New Financial Instrument Listing Announcement - “CLN850” The Standard Bank of South Africa Limited New Financial Instrument Listing Announcement - “CLN850” Stock Code: CLN850 ISIN Code: ZAG000187634 The JSE Limited has granted a listing to The Standard Bank of South Africa Limited – CLN850 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) ZAR70,130,672,469.61 Full Note details are as follows: Issue Date: 28 June 2022 Nominal Issued: ZAR 40,000,000 Coupon Rate: Fixed Notes – From, and including, 31 July 2025 until (but excluding) the Maturity Date: 9.48% 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 3.65% (capped at 11.03%) 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 27 June 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: 27-06-2022 11:35:00 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.