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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN522?

Release Date: 14/03/2018 12:30
Code(s): CLN522     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN522”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN522”

Stock Code:    CLN522
ISIN Code:     ZAG000150210

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN522 Senior Unsecured Floating Rate
Credit Linked Note due 27 February 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                 ZAR28,781,402,693.74
Full Note details are as follows
Issue Date:                        15 March 2018
Nominal Issued:                    ZAR95,205,080
Coupon Rate:                       three month ZAR-JIBAR-SAFEX
                                   plus 1.87% as per the Pricing
                                   Supplement
Coupon Indicator:                  Floating
Trade Type:                        Price
Maturity Date:                     27 February 2023
First Interest Payment Date:       27 May 2018
Interest Payment Dates:            Each 27 February, 27 May, 27
                                   August and 27 November until
                                   the Maturity Date
Business Day Count/Convention:     Actual/365      and    Following
                                   Business Day
Books Close:                       From each 17 February, 17
                                   May,   17    August     and   17
                                   November     of     each    year
                                   commencing on 17 May 2018
Last day to register:              By: 17h00 on 16 February, 16
                                   May,   16    August     and   16
                                   November     of     each    year
                                   commencing on 16 May 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 14 March 2018
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

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