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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SSN103?

Release Date: 03/12/2020 10:30
Code(s): SSN103     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “SSN103”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SSN103”

Stock Code:   SSN103
ISIN Code:    ZAG000173121

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN103 Senior Floating Rate Listed Note
due 04 June 2021 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)          ZAR48,512,410,265.93
Full Note details are as follows
Issue Date:                        04 December 2020
Nominal Issued:                    ZAR20,000,000
Coupon Rate:                       Three-month    ZAR-JIBAR-SAFEX
                                   plus 0.92%
Coupon Indicator:                  Floating
Interest Rate Determination Dates: 04 March 2021 and 04 June
                                   2021, with the first Interest
                                   Rate Determination Date being
                                   the Issue Date
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     04 June 2021
First Interest Payment Date:       04 March 2021
Interest Payment Dates:            04 March 2021 and 04 June
                                   2021, until the Maturity Date
Business Day Count/Convention:     Actual/365     (Fixed)     and
                                   Following Business Day
Books Close:                       Each 27 February and 30 May,
                                   until the applicable Interest
                                   Payment Date
Last day to register:              By: 17h00 on 26 February and
                                   29 May, until the Maturity
                                   Date
Interest Commencement Date:        04 December 2020
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 03 December 2020
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: 03-12-2020 10:30:00
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