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New Financial Instrument Listing Announcement - “CLN592”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN592”
Stock Code: CLN592
ISIN Code: ZAG000160714
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN592 Senior Unsecured Mixed Rate Credit
Linked Notes due 05 December 2026 - 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) ZAR38,917,708,202.43
Full Note details are as follows:
Issue Date: 02 July 2019
Nominal Issued: ZAR100,000,000
Coupon Rate: Indexed Notes – From the
Interest Commencement Date
to, but excluding, 31 January
2025: As per formula
contained in Applicable
Pricing Supplement
Floating Rate Notes - From,
and including, 31 January
2025 until the Maturity Date:
three-month ZAR-JIBAR-SAFEX
plus 2.28%
Coupon Indicator: Indexed Notes – Inflation
Linked
Floating Rate Notes -
Floating
Interest Rate Determination Dates: In respect of:
Indexed Notes – Each 31
January and 31 July of each
year, commencing on the
Interest Commencement Date up
to, but excluding, 31 January
2025
Floating Rate Notes – Each 05
March, 05 June, 05 September
and 05 December of each year,
commencing on 31 January 2025
until the Maturity Date
Trade Type: Price
Issue Price: 100%
Maturity Date: 05 December 2026
First Interest Payment Date: 31 July 2019
Interest Payment Dates: In respect of:
Indexed Notes – Each 31
January and 31 July until
31 January 2025
Floating Rate Notes – Each 05
March, 05 June, 05 September
and 05 December until the
Maturity Date
Business Day Count/Convention: Actual/365 (Fixed) and
Following Business Day
Books Close: From:
(i) in respect of the Indexed
Notes – from each
26 January and 26 July,
commencing on 26 July 2019
until the applicable
Interest Payment Date; and
(ii)in respect of the Floating
Rate Notes – each
28 February, 31 May, 31
August and 30 November of
each year, until the
applicable Interest
Payment Date
Last day to register: By: 17:00 on:
(i) in respect of the Indexed
Notes - each of the
following dates occurring
during the period from,
and including, the Issue
Date until, but excluding,
31 January 2025: each
25 January and 25 July;
and
(ii)in respect of the Floating
Rate Notes - each of the
following dates occurring
during the period from,
and including, 31 January
2025 until, but excluding,
the Maturity Date: each
27 February,30 May,30
August and 29 November.
Interest Commencement Date: 31 January 2019
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 01 July 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: 01/07/2019 11:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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