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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