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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN555?

Release Date: 14/01/2019 14:30
Code(s): CLN555     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN555”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN555”

Stock Code:    CLN555
ISIN Code:     ZAG000156316

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN555 Senior Unsecured Floating Rate
Credit Linked Note due 20 December 2020 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)          ZAR32,051,802,552.43
Full Note details are as follows
Issue Date:                        15 January 2019
Nominal Issued:                    ZAR40,000,000
Coupon Rate:                       three-month     ZAR-JIBAR-SAFEX
                                   plus 3.75% as per the Pricing
                                   Supplement
Coupon Indicator:                  Floating
Interest Rate Determination Dates: Each     20 March,     20 June,
                                   20 September and 20 December
                                   of each year, with the first
                                   Interest Rate Determination
                                   Date being the Issue Date
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     20 December 2020
First Interest Payment Date:       20 March 2019
Interest Payment Dates:            Each     20 March,     20 June,
                                   20 September and 20 December
                                   until the Maturity Date
Business Day Count/Convention:     Actual/365     and    Following
                                   Business Day
Books Close:                       From each 10 March, 10 June,
                                   10 September and 10 December
                                   of   each   year,   until   the
                                   applicable Interest Payment
                                   Date.
Last day to register:              By:    17h00    on    09 March,
                                   09 June,    09 September    and
                                   09 December 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 14 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: 14/01/2019 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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