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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN610?

Release Date: 02/09/2019 10:45
Code(s): CLN610     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN610”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN610”

Stock Code: CLN610
ISIN Code: ZAG000162231

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN610 Senior Unsecured Floating Rate
Credit Linked Notes due 23 October 2024 - 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)           ZAR35,488,347,949.13
Full Note details are as follows:

Issue Date:                         3 September 2019
Nominal Issued:                     ZAR600,000,000
Coupon Rate:                        In respect of each Interest
                                    Period       from,       and
                                    including:(i) the Issue Date
                                    up    to,   but   excluding,
                                    23 July 2022: three-month
                                    ZAR-JIBAR-SAFEX plus 1.69%;
                                    (ii) 23 July 2022 up to, but
                                    excluding,   the   Scheduled
                                    Maturity Date: three-month
                                    ZAR-JIBAR-SAFEX plus 1.79%,
                                    per the Applicable Pricing
                                    Supplement
Coupon Indicator:                   Floating
Interest Determination Dates:       Each 23 January, 23 April,
                                    23 July and 23 October of
                                    each year commencing on the
                                    Interest Commencement Date
                                    until the Maturity Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      23 October 2024
Interest Commencement Date:         Issue Date
First Interest Payment Date:        23 October 2019
Interest Payment Dates:             Each 23 January, 23 April,
                                    23 July and 23 October of
                                    each year until the Maturity
                                    Date
Business Day Count/Convention:      Actual/365    (Fixed)    and
                                    Following Business Day
Books Close:                        Each 18 January, 18 April,
                                    18 July and 18 October, of
                                   each    year,    until    the
                                   applicable Interest Payment
                                   Date
Last day to register:              17h00    on    17    January,
                                   17 April,    17   July    and
                                   17 October of each year, 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 02 September 2019
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: 02/09/2019 10:45:00
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