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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN737?

Release Date: 08/04/2021 10:48
Code(s): CLN737     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN737”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN737”

Stock Code: CLN737
ISIN Code: ZAG000175456

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN737 Senior Unsecured Floating Rate
Credit Linked Notes due 20 June 2023 - 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)           ZAR 45,842,262,926.83
Full Note details are as follows:
Issue Date:                         09 April 2021
Nominal Issued:                     ZAR50,000,000
Coupon Rate:                        2.70%, as per the Applicable
                                    Pricing Supplement
Coupon Indicator:                   Floating

Interest Determination Dates:       Each 20 March, 20 June,
                                    20 September and 20 December
                                    of each year, commencing on
                                    the Issue Date until the
                                    Maturity Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      20 June 2023
Interest Commencement Date:         09 April 2021
First Interest Payment Date:        20 June 2021
Interest Payment Dates:             Each 20 March, 20 June, 20
                                    September and 20 December of
                                    each year until the Maturity
                                    Date
Business Day Convention:            Following Business Day
Books Close:                        Each 15 March, 15 June,
                                    15 September and 15 December
                                    until     the     applicable
                                    Interest Payment Date
Last day to register:               17h00 on 14 March, 14 June,
                                    14 September and 14 December
                                    of each year, until the
                                    Maturity Date, 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 08 April 2021

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: 08-04-2021 10:48:00
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