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New Financial Instrument Listing Announcement - “CLN664”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN664”
Stock Code: CLN664
ISIN Code: ZAG000167446
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN664 Senior Unsecured Floating Rate
Credit Linked Notes 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) ZAR47,371,336,713.65
Full Note details are as follows:
Issue Date: 30 March 2020
Nominal Issued: ZAR65,000,000
Coupon Rate: Not applicable in respect of
ZAR50,000,00 (formula driven
final redemption amount is
payable)
Floating Rate Note in
respect of ZAR15,000,000: 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 0.95%;
(ii) 20 March 2021 up to,
but excluding, the Maturity
Date: three-month ZAR-JIBAR-
SAFEX;
Coupon Indicator: Floating
Interest Determination Dates: Each 20 March, 20 June,
20 September and 20 December
of each year, commencing on
Issue Date until the
Maturity Date
Trade Type: Price
Issue Price: ZAR45,000,000
Maturity Date: 20 December 2023
Interest Commencement Date: Issue Date
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, 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
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 27 March 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: 27-03-2020 11:25:00
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