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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN527

Release Date: 07/05/2018 16:30
Code(s): CLN527     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - CLN527

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN527”

Stock Code:    CLN527
ISIN Code:     ZAG000151150

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN527 Senior Unsecured Floating Rate
Credit Linked Note due 21 February 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                 ZAR28,643,581,854.82
Full Note details are as follows
Issue Date:                        08 May 2018
Nominal Issued:                    ZAR200,000,000
Coupon Rate:                       In respect of each Interest
                                   Period from, and including:
                                   (i)   Interest     Commencement
                                         Date      until       but
                                         excluding, 21 May 2018:
                                         three month ZAR-JIBAR-
                                         SAFEX plus 2.45% and
                                   (ii) 21 May 2018 until, but
                                         excluding,
                                         21 November 2019:    three
                                         month      ZAR-JIBAR-SAFEX
                                         plus 2.82% and
                                   (iii)       21 November 2019,
                                         until     but    excluding
                                         21 February 2024: three
                                         month      ZAR-JIBAR-SAFEX
                                         plus 2.45%
                                   as per the Pricing Supplement
Coupon Indicator:                  Floating
Trade Type:                        Price
Maturity Date:                     21 February 2024
First Interest Payment Date:       21 May 2018
Interest Payment Dates:            Each    21   May,   21   August,
                                   21 November, and 21 February
                                   until the Maturity Date
Business Day Count/Convention:     Actual/365(Fixed)            and
                                   Following Business Day
Books Close:                       From each 11 May, 11 August,
                                   11 November, and 11 February
                                   of each year commencing on
                                   11 May 2018
Last day to register:              By:    17h00   on   10    May,
                                   10 August, 10 November, and
                                   10 February    of each    year
                                   commencing on 10 May 2018
Interest Commencement Date:        21 February 2018
Placement Agent:                   The Standard Bank of South
                                   Africa Limited

Settlement will take place electronically in terms of JSE Rules.
Dated 07 May 2018
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: 07/05/2018 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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