New Financial Instrument Listing Announcement - “CLN647”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN647”
Stock Code: CLN647
ISIN Code: ZAG000166265
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN647 Senior Unsecured Floating Rate
Credit Linked Notes due 18 December 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) ZAR44,382,418,961.65
Full Note details are as follows:
Issue Date: 13 February 2020
Nominal Issued: ZAR45,000,000
Coupon Rate: Three-month ZAR-JIBAR-SAFEX
plus 1.90%
Coupon Indicator: Floating
Interest Determination Dates: Each 18 March, 18 June, 18
September and 18 December of
each year, commencing on the
Issue Date until the
Maturity Date
Trade Type: Price
Issue Price: 100%
Maturity Date: 18 December 2024
Interest Commencement Date: Issue Date
First Interest Payment Date: 18 March 2020
Interest Payment Dates: Each 18 March, 18 June, 18
September and 18 December of
each year until the Maturity
Date
Business Day Count/Convention: Actual/365 (Fixed) and
Following Business Day
Books Close: Each 13 March,
13 June, 13 September and 13
December of each year, until
the applicable Interest
Payment Date
Last day to register: 17h00 on 12 March, 12 June,
12 September and 12 December
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 12 February 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: 12-02-2020 09:55:00
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