To view the PDF file, sign up for a MySharenet subscription.

THE STANDARD BANK OF SA LTD - Interest Rate Announcement - SBS24

Release Date: 19/02/2014 17:48
Code(s): SBS24     PDF:  
Wrap Text
Interest Rate Announcement - SBS24

The Standard Bank of South Africa Limited

“SBS24” Tap
Dated: 19 February 2014
Stock Code: SBS24
ISIN Code: ZAG000095530

New Financial Instrument Listing Announcement

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SBS24 Senior Unsecured Floating Rate
Notes due 24 May 2019 - sponsored by The Standard Bank of South
Africa Limited (acting through its Corporate and Investment
Banking Division), under its Domestic Medium Term Note
Programme.

Full Note details are as follows:

Authorised Programme size           R60,000,000,000.00 (increased
                                    to R90,000,000,000.00 in
                                    terms of the Programme
                                    Memorandum dated 19 September
                                    2013)
Total notes in issue                R58,981,701,555.00

Tap Amount Issued:                  ZAR557,000,000.00
Nominal Issued following Tap:       ZAR1,361,000,000.00
Coupon Indicator:                   Floating Rate
Trade Type                          Price
Floating Interest Rate:             6.792% (3 Month JIBAR as at
                                    24 November 2013 of 5.192%
                                    plus 160 bps)
Issue Price:                        102.76965%
Maturity Date:                      24 May 2019
First Interest Payment Date:        24 February 2014
Interest Payment Dates:             24 February, 24 May, 24
                                    August and 24 November each
                                    year to the Maturity Date
Books Close:                        14 February, 14 May, 14
                                    August and 14 November each
                                    year to the Maturity Date
Last day to register:               By 17h00 on 13 February, 13
                                    May, 13 August, 13 November
Interest Commencement Date:         24 November 2013
Settlement Date:                    20 February 2014
Placement Agent:                    The Standard Bank of South
                                    Africa Limited
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.

Further information on the Note issued please contact:
Sponsor - The Standard Bank of South Africa Limited, acting
through its Corporate and Investment Banking Division

Date: 19/02/2014 05:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story