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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN565?

Release Date: 25/02/2019 10:54
Code(s): CLN565     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN565”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN565”

Stock Code:   CLN565
ISIN Code:    ZAG000157371

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN565 Senior Unsecured Floating Rate
Credit Linked Note due 21 February 2024 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)          ZAR32,409,919,464.43

Full Note details are as follows
Issue Date:                        26 February 2019
Nominal Issued:                    ZAR500,000,000
Coupon Rate:                       1.55% nacs as per the Pricing
                                   Supplement
Coupon Indicator:                  Floating
Interest Rate Determination Dates: Each 21 February, 21 May, 21
                                   August and 21 November of
                                   each year, commencing on the
                                   Issue Date
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     21 February 2024
First Interest Payment Date:       21 May 2019
Interest Payment Dates:            Each 21 February, 21 May, 21
                                   August and 21 November until
                                   the Maturity Date
Business Day Count/Convention:     30/360 and Following Business
                                   Day
Books Close:                       From each 11 February, 11
                                   May,   11    August   and   11
                                   November of each year, until
                                   the    applicable     Interest
                                   Payment Date
Last day to register:              By: 17h00 on 10 February, 10
                                   May,   10    August   and   10
                                   November 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 25 February 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: 25/02/2019 10:54:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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