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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SSN055?

Release Date: 02/11/2017 11:15
Code(s): SSN055     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “SSN055”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SSN055”

Stock Code:    SSN055
ISIN Code:     ZAG000147992

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN055 Senior Unsecured Floating Rate
Note due 03 November 2022 - 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                 ZAR27,613,880,562.13
Full Note details are as follows
Issue Date:                        03 November 2017
Nominal Issued:                    ZAR300,000,000
Coupon Rate:                       three month ZAR-JIBAR-SAFEX
                                   plus 1.75% with a maximum
                                   interest rate of 11.00% nacq
                                   as per the Pricing Supplement
Coupon Indicator:                  Floating
Trade Type:                        Price
Maturity Date:                     03 November 2022
First Interest Payment Date:       26 January 2018
Interest Payment Dates:            Each 03 February, 03 May, 03
                                   August and 03 November until
                                   the Maturity Date
Business Day Count/Convention:     Actual/365(Fixed)           and
                                   Following Business Day
Books Close:                       From    each     24    January,
                                   23 April,    24     July    and
                                   24 October   of     each   year
                                   commencing on 24 January 2018
Last day to register:              By:   17h00    on   23 January,
                                   22 April,      23 July      and
                                   23 October   of     each   year
                                   commencing on 23 January 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 02 November 2017
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: 02/11/2017 11:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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