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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SBCN02?

Release Date: 02/07/2020 10:21
Code(s): SBCN02     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “SBCN02”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SBCN02”

Stock Code: SBCN02
ISIN Code: ZAE000288536

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBCN02 Credit Linked Note due 05 July
2021 - sponsored by The Standard Bank of South Africa Limited
(acting   through   its  Corporate   and   Investment   Banking
Division)(“the Issuer”) under its Structured Note Programme
(“the Programme”)which can be found on the Issuer’s website.

Authorised Programme size           ZAR60,000,000,000
Total notes issued
(including current issue)           ZAR47,814,410,265.93

Full Note details are as follows:

Issue Date:                         03 July 2020
Nominal Issued:                     ZAR20,000,000
Redemption Basis:                   Credit Linked
Issue Price:                        400 000 ZA cents per Note
Maturity Date:                      05 July 2021.
Business Day Convention:            Following Business Day
                                    Convention
Record Date:                        The Friday or, if such
                                    Friday is a public holiday,
                                    the last trading day of the
                                    week, immediately preceding
                                    an Interest Payment Date or
                                    the Maturity Date, as the
                                    case may be. It is hereby
                                    recorded that payments of
                                    interest   and   the   Final
                                    Redemption Amount will be
                                    made on the Interest Payment
                                    Dates and Maturity Date, as
                                    contemplated in paragraphs
                                    35(a) and 18, respectively.
Placement Agent:                    The Standard Bank of South
                                    Africa Limited


Additional Terms and Conditions: Investors should study the
Pricing Supplement for full details of the specific terms and
conditions applicable to this specific Note issuance.

Notes will be deposited in the Central Securities Depository
(“CSD”) and settlement will take place electronically in terms
of JSE Rules.
Dated: 02 July 2020
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: 02-07-2020 10:21:00
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