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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - SSN088

Release Date: 02/09/2019 16:44
Code(s): SSN088     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - SSN088

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SSN088”

Stock Code:    SSN088
ISIN Code:     ZAG000162249

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN088 Senior Unsecured Floating Rate
Note due 04 September 2020 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)           ZAR35,588,347,949.13
Full Note details are as follows
Issue Date:                        04 September 2019
Nominal Issued:                    ZAR300,000,000
Coupon Rate:                       Daily accrual at three-month
                                   JIBAR +    1.35% within the
                                   range, three-month JIBAR / 2
                                   outside the range as fully
                                   described   in     the    Pricing
                                   Supplement
Coupon Indicator:                  Floating
Interest Rate Determination Dates: 30 August 2019, 29 November
                                   2019, 28 February 2020 and 01
                                   June 2020
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     04 September 2020
First Interest Payment Date:       04 December 2019
Interest Payment Dates:            Each 04 December, 04 March
                                   and   04   June      until    the
                                   Maturity Date
Business Day Count/Convention:     Actual/365     and     Following
                                   Business Day
Books Close:                       From each 24 November, 23
                                   February,   25   May     and   25
                                   August, until the applicable
                                   Interest Payment Date.
Last day to register:              By: 17h00 on 23 November, 22
                                   February,   24    May    and   24
                                   August of each year
Interest Commencement Date:        30 August 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 02 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: 02/09/2019 04:44:00
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