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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN615?

Release Date: 04/10/2019 10:30
Code(s): CLN615     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN615”

The Standard Bank of South Africa Limited (“Standard Bank”)
Stock Code: CLN615
ISIN Code: ZAG000163072

New Financial Instrument Listing Announcement - “CLN615”

The JSE Limited has granted a listing to Standard Bank – CLN615
Senior Unsecured Floating Rate Credit Linked Notes due
30 September 2022 - sponsored by Standard Bank (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)           ZAR37,524,208,949.13
Full Note details are as follows:

Issue Date:                         07 October 2019
Nominal Issued:                     ZAR30,000,000
Coupon Rate:                        In respect of each Interest
                                    Period       from,       and
                                    including:(i) the Issue Date
                                    up    to,   but   excluding,
                                    30 September 2020: three-
                                    month ZAR-JIBAR-SAFEX plus
                                    1.24%;                  (ii)
                                    30 September 2020 up to, but
                                    excluding,    the   Maturity
                                    Date: three-month ZAR-JIBAR-
                                    SAFEX plus 1.30%, per the
                                    Applicable           Pricing
                                    Supplement
Coupon Indicator:                   Floating
Interest Determination Dates:       Each 30 March, 30 June,
                                    30 September and 30 December
                                    of each year commencing on
                                    the Interest Commencement
                                    Date until the Maturity Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      30 September 2022
Interest Commencement Date:         Issue Date
First Interest Payment Date:        30 December 2019
Interest Payment Dates:             Each 30 March, 30 June,
                                    30 September and 30 December
                                    of each year until the
                                    Maturity Date
Business Day Count/Convention:      Actual/365    (Fixed)    and
                                    Following Business Day
Books Close:                        Each 25 March, 25 June,
                                    25 September             and
                                   25 December, of each year,
                                   until     the     applicable
                                   Interest Payment Date
Last day to register:              17h00 on 24 March, 24 June,
                                   24 September and 24 December
                                   of each year, or if such day
                                   is not a Business Day, the
                                   Business Day before each
                                   books closed period
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 4 October 2019
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: 04/10/2019 10:30:00
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