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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