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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN578?

Release Date: 02/05/2019 11:01
Code(s): CLN578     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN578”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN578”

Stock Code:    CLN578
ISIN Code:     ZAG000159096

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN578 Senior Unsecured Floating Rate
Credit Linked Note due 18 April 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                  ZAR34,825,216,202.43
(including current issue)

Full Note details are as follows:
Issue Date:                         03 May 2019
Nominal Issued:                     ZAR30,000,000
Coupon Rate:                        Three-month Jibar + 205bps,
                                    as per the pricing supplement
Coupon Indicator:                   Floating
Interest Determination Dates:       Each 18 July, 18 October, 18
                                    January and 18 April of each
                                    year    commencing    on    the
                                    Interest   Commencement    Date
                                    until the Maturity Date
Trade Type:                         Price
Maturity Date:                      18 April 2026
Interest Commencement Date:         Issue Date
First Interest Payment Date:        18 July 2019
Interest Payment Dates:             Each 18 July, 18 October, 18
                                    January and 18 April of each
                                    year until the Maturity Date
Business Day Count/Convention:      Actual/365(Fixed)           and
                                    Following Business Day
Books Close:                        From   each    08   July,    08
                                    October, 08 January and 08
                                    April, of each year, until
                                    the    applicable      Interest
                                    Payment Date
Last day to register:               By: 17h00 on 07 July, 07
                                    October, 07 January and 07
                                    April, of each year
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 02 May 2019
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: 02/05/2019 11:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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