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New Financial Instrument Listing Announcement - “CLN646”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN646”
Stock Code: CLN646
ISIN Code: ZAG000166117
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN646 Senior Unsecured Floating Rate
Credit Linked Notes due 29 January 2027 - 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) ZAR44,270,918,961.65
Full Note details are as follows:
Issue Date: 07 February 2020
Nominal Issued: ZAR42,000,000
Coupon Rate: In respect of each Interest
Period from, and
including:(i) the Issue
Date up to, but excluding,
29 January 2022: three-month
ZAR-JIBAR-SAFEX plus 2.00%;
(ii) 29 January 2022 up to,
but excluding,
29 January 2024: three-
month ZAR-JIBAR-SAFEX plus
2.145%;
(iii) 29 January 2024 up to,
but excluding, the Maturity
Date: three-month ZAR-
JIBAR-SAFEX plus 2.37%, as
per the Applicable Pricing
Supplement.
Coupon Indicator: Floating
Interest Determination Dates: Each 29 January, 29 April,
29 July, 29 October of each
year, commencing on the
Issue Date until the
Maturity Date
Trade Type: Price
Issue Price: 100%
Maturity Date: 29 January 2027
Interest Commencement Date: Issue Date
First Interest Payment Date: 29 April 2020
Interest Payment Dates: Each 29 January, 29 April,
29 July, 29 October of each
year until the Maturity Date
Business Day Count/Convention: Actual/365 (Fixed) and
Following Business Day
Books Close: Each 24 January, 24 April,
24 July, 24 October of each
year, until the applicable
Interest Payment Date
Last day to register: 17h00 on 23 January,
23 April, 23 July,
23 October 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 06 February 2020
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: 06-02-2020 11:13:00
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