Standard Bank of South Africa Limited Issues Notice on Spread Adjustment for Floating Rate Listed Notes

The Johannesburg Stock Exchange has received a company announcement from the Standard Bank of South Africa Limited regarding the adjustment of the "Spread(t)" for floating rate listed notes due 28 February 2027. The Notice is given to all holders of the SSN174 ZAR75,000,000 floating rate listed notes, with the spread adjustment effective for interest determination dates falling within a specific period.

Key Takeaways:

• The Standard Bank of South Africa Limited has issued a notice regarding the adjustment of the "Spread(t)" for the SSN174 ZAR75,000,000 floating rate listed notes due 28 February 2027.
• The spread adjustment will be 0.77% for interest determination dates falling within the period commencing on 30 August 2025 and concluding on 28 February 2026.
• The adjustment is made in accordance with the provisions of the Pricing Supplement of the note, as read with the Programme Memorandum.
• Noteholders are advised that no action is required on their part in response to this notice.
• The Sponsor for the note is The Standard Bank of South Africa Limited.
• For further information, noteholders can contact Johann Erasmus at Standard Bank, at johann.erasmus@standardbank.co.za.

Statistics:

• The spread adjustment is 0.77%.
• The adjustment is effective for interest determination dates from 30 August 2025 to 28 February 2026.
• The notes are due on 28 February 2027.
• The total issuance of the floating rate listed notes is ZAR75,000,000.
• The Programme Memorandum was dated 26 January 2021.

Sources:

• Johannesburg Stock Exchange, Company Announcement: THE STANDARD BANK OF SOUTH AFRICA LIMITED (REGISTRATION NUMBER 1962/000738/06) General Announcement in respect of SSN174 ZAR75,000,000 FLOATING RATE LISTED NOTES DUE 28 February 2027.