New Financial Instrument Listing Announcement - “CLN557”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN557”
Stock Code: CLN557
ISIN Code: ZAG000156449
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN557 Senior Unsecured Floating Rate
Credit Linked Note due 12 November 2023 sponsored by The
Standard Bank of South Africa Limited (acting through its
Corporate and Investment Banking Division), under its Structured
Note Programme.
Authorised Programme size ZAR60,000,000,000
Total notes issued
(including current issue) ZAR32,066,802,552.43
Full Note details are as follows
Issue Date: 22 January 2019
Nominal Issued: ZAR75,000,000
Coupon Rate: three-month ZAR-JIBAR-SAFEX
plus 1.95% as per the Pricing
Supplement
Coupon Indicator: Floating
Interest Rate Determination Dates: Each 12 February, 12 May,
12 August and 12 November of
each year, with the first
Interest Rate Determination
Date being the Issue Date
Trade Type: Price
Issue Price: 100%
Maturity Date: 12 November 2023
First Interest Payment Date: 12 May 2019
Interest Payment Dates: Each 12 February, 12 May,
12 August and 12 November
until the Maturity Date
Business Day Count/Convention: Actual/365 (Fixed) and
Following Business Day
Books Close: From each 02 February,
02 May, 02 August and
02 November of each year,
until the applicable Interest
Payment Date.
Last day to register: By: 17h00 on 01 February,
01 May, 01 August and
01 November of each year
Interest Commencement Date: Issue 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 21 January 2019
Sponsor – The Standard Bank of South Africa Limited
For further information on the Note issued please contact:
Johann Erasmus SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za
Date: 21/01/2019 10:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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