New Financial Instrument Listing Announcement - “CLN706”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN706”
Stock Code: CLN706
ISIN Code: ZAG000170283
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN706 Senior Unsecured Fixed Rate Credit
Linked Notes due 28 February 2035 - 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) ZAR48,670,077,040.93
Full Note details are as follows:
Issue Date: 19 August 2020
Nominal Issued: ZAR60,000,000
Coupon Rate: 8.875%, as per the
Applicable Pricing
Supplement
Coupon Indicator: Fixed
Interest Determination Dates: Each 28 February and
31 August of each year until
the Maturity Date, with the
first Interest Rate
Determination Date being the
Interest Commencement Date
Trade Type: Yield
Issue Price: 89.66635%
Maturity Date: 28 February 2035
Interest Commencement Date: 28 February 2020
First Interest Payment Date: 31 August 2020
Interest Payment Dates: Each 28 February and
31 August of each year until
the Maturity Date
Business Day Convention: Following Business Day
Books Close: Each 23 February and
26 August until the
applicable Interest Payment
Date
Last day to register: 17h00 on 22 February and
25 August 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 18 August 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: 18-08-2020 11:19:00
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