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

Release Date: 03/09/2019 12:30
Code(s): SSN089     PDF:  
Wrap Text
New Financial Instrument Listing Announcement

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SSN089”

Stock Code:    SSN089
ISIN Code:     ZAG000162272

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN089 Senior Unsecured Floating Rate
Note due 29 January 2030 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)           ZAR36,188,347,949.13
Full Note details are as follows
Issue Date:                        05 September 2019
Nominal Issued:                    ZAR449,000,000
Coupon Rate:                       3m   Jibar   +   174bps,    plus
                                   Spread(t).     Spread(t)      is
                                   defined    in    the     Pricing
                                   Supplement
Coupon Indicator:                  Floating
Interest Rate Determination Dates: Each 21 March, 21 June, 21
                                   September and 21 December
Trade Type:                        Price
Issue Price:                       ZAR456,067,000
Maturity Date:                     29 January 2030
First Interest Payment Date:       21 September 2019
Interest Payment Dates:            Each 21 March, 21 June, 21
                                   September   and   21    December
                                   until the Maturity Date, as
                                   well as 29 January 2030
Business Day Count/Convention:     Actual/365      (Fixed)      and
                                   Following Business Day
Books Close:                       From each 16 March, 16 June,
                                   16 September and 16 December,
                                   until the applicable Interest
                                   Payment Date.
Last day to register:              By: 17h00 on 15 March, 15
                                   June, 15 September and 15
                                   December of each year
Interest Commencement Date:        05 September 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 deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
Dated 03 September 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: 03/09/2019 12:30:00
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