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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SSN100?

Release Date: 20/05/2020 10:25
Code(s): SSN100     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “SSN100”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SSN100”

Stock Code:    SSN100
ISIN Code:     ZAG000168261

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN100 Senior Fixed Rate Listed Note due
31 January 2030 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)           ZAR46,250,767,765.93
Full Note details are as follows
Issue Date:                        21 May 2020
Nominal Issued:                    ZAR20,000,000
Coupon Rate:                       8.00%, as per the Applicable
                                   Pricing Supplement
Coupon Indicator:                  Fixed
Interest Rate Determination Dates: Each 31 January and 31 July
                                   of   each    year    until   the
                                   Maturity Date, with the first
                                   Interest Rate Determination
                                   Date    being    the    Interest
                                   Commencement Date
Trade Type:                        Yield
Issue Price:                       89.95762%
Maturity Date:                     31 January 2030
First Interest Payment Date:       31 July 2020
Interest Payment Dates:            Each 31 January and 31 July
                                   of   each   year,    until   the
                                   Maturity Date
Business Day Convention:           Following Business Day
Books Close:                       Each 26 January and 26 July
                                   until the applicable Interest
                                   Payment Date
Last day to register:              By: 17h00 on 25 January and
                                   25 July of each year, until
                                   the Maturity Date
Interest Commencement Date:        31 January 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 20 May 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: 20-05-2020 10:25:00
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