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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SSN054

Release Date: 25/10/2017 14:00
Code(s): SSN054     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - SSN054

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SSN054”

Stock Code:    SSN054
ISIN Code:     ZAG000147810

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN054 Senior Unsecured Floating Rate
Note due 26 October 2022 - 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                 ZAR27,408,790,288.51
Full Note details are as follows
Issue Date:                        26 October 2017
Nominal Issued:                    ZAR200,000,000
Coupon Rate:                       three month ZAR-JIBAR-SAFEX
                                   plus   1.8%  with a maximum
                                   interest rate of 10.5% nacq as
                                   per the Pricing Supplement
Coupon Indicator:                  Floating
Trade Type:                        Price
Maturity Date:                     26 October 2022
First Interest Payment Date:       26 January 2018
Interest Payment Dates:            Each 26 January, 26 April,
                                   26 July and 26 October until
                                   the Maturity Date
Business Day Count/Convention:     Actual/365(Fixed)           and
                                   Following Business Day
Books Close:                       From    each     16    January,
                                   16 April,    16     July    and
                                   16 October   of     each   year
                                   commencing on 16 January 2018
Last day to register:              By:   17h00    on   15 January,
                                   15 April,      15 July      and
                                   15 October   of     each   year
                                   commencing on 15 January 2018
Interest Commencement Date:        Issue Date
Placement Agent:                   The Standard Bank of South
                                   Africa Limited

Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
Dated 25 October 2017
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: 25/10/2017 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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