THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN660?

New Financial Instrument Listing Announcement - “CLN660”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN660”

Stock Code:    CLN660
ISIN Code:     ZAG000167404

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN660 Senior Unsecured Floating Rate
Credit Linked Note due 20 December 2023- 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)          ZAR47,059,336,713.65
Full Note details are as follows
Issue Date:                        27 March 2020
Nominal Issued:                    ZAR130,000,000
Coupon Rate:                       as     per     the      Pricing
                                   Supplement,   in   respect   of
                                   each Interest Period from,
                                   and including:
                                   (i) the Issue Date up to, but
                                       excluding, 20 March 2021:
                                       three-month     ZAR-JIBAR-
                                       SAFEX plus 2.50%;
                                   (ii) 20 March 2021 up to, but
                                        excluding, the Maturity
                                        Date:   three-month   ZAR-
                                        JIBAR-SAFEX plus 2.308%

Coupon Indicator:                  Floating
Interest Determination Dates:      Each   20   March,   20    June,
                                   20 September and 20 December
                                   of each year, commencing on
                                   the Issue Date until the
                                   Maturity Date
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     20 December 2023
First Interest Payment Date:       20 June 2020
Interest Payment Dates:            Each     20 March,      20 June,
                                   20 September and 20 December
                                   until the Maturity Date
Business Day Count/Convention:     Actual/365      (Fixed)      and
                                   Following Business Day
Books Close:                       From each 15 March, 15 June,
                                   15 September and 15 December,
                                   of   each   year,   until   the
                                   applicable Interest Payment
                                   Date.
Last day to register:              By:   17h00    on   14   March,
                                   14 June,   14   September   and
                                   14 December   of   each   year,
                                   until the Maturity Date.
Interest Commencement Date:        Issue Date
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 26 March 2020
Sponsor – The Standard Bank of South Africa Limited

For further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 26-03-2020 11:05:00
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