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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN576?

Release Date: 03/04/2019 11:04
Code(s): CLN576     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN576”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN576”

Stock Code:    CLN576
ISIN Code:     ZAG000158320

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN576 Senior Unsecured Floating Rate
Credit Linked Note due 25 April 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                  ZAR34,511,893,602.43
(including current issue)

Full Note details are as follows:
Issue Date:                         04 April 2019
Nominal Issued:                     ZAR29,322,600
Coupon Rate:                        Three-month Libor + 363bps,
                                    as per the pricing supplement
Coupon Indicator:                   Floating
Trade Type:                         Price
Maturity Date:                      25 April 2023
First Interest Payment Date:        25 July 2019
Interest Payment Dates:             Each 25 January, 25 April,
                                    25 July, 25 October until the
                                    Maturity Date
Business Day Count/Convention:      Actual/360     and    Following
                                    Business Day
Books Close:                        From    each     15    January,
                                    15 April, 15 July, 15 October
                                    of   each  year,    until   the
                                    applicable Interest Payment
                                    Date
Last day to register:               By:   17h00 on 14 January,
                                    14 April, 14 July, 14 October
                                    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 dematerialised in the Central Depository (“CSD”)
and settlement will take place electronically in terms of JSE
Rules.
Dated 03 April 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: 03/04/2019 11:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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