Wrap Text
New Financial Instrument Listing Announcement - “SBC106”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - "SBC106"
Stock Code: SBC106
ISIN Code: ZAG000212424
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBC106 Senior Unsecured Mixed Rate Credit
Linked Notes 31 March 2033- 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) ZAR102,093,214,429.70
Full Note details are as follows:
Issue Date: 10 February 2025
Nominal Issued: ZAR30,000,000
Coupon Rate: In respect of each Interest
Period from, and including:
(i) 3m J + 230bps (with max
interest of 9.88%) to 30 Sep
2027
ii) 10.35% 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, and 31 December
of each year, commencing on
Issue Date until (but
excluding) 30 September
2027.
Trade Type: Price
Issue Price: 100%
Maturity Date: 28 February 2035
Interest Commencement Date: Issue Date
First Interest Payment Date: 31 March 2028
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 being
31 March 2028 until (but
excluding) the Scheduled
Maturity Date 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, and 31 December
of each year until (but
excluding 30 September 2027
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, and 26 December,
until the applicable
Interest Payment Date.
Last day to register: 17h00 on 25 March, 24 June,
24 September, and 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 10 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: 10-02-2025 08:00:00
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.
Sharenet Sites 
