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THE STANDARD BANK OF SA LTD - New Financial Instrument Listing Announcement - CLN382

Release Date: 21/07/2014 10:11
Code(s): CLN382     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - 
CLN382

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN382”

Stock Code: CLN382
ISIN Code: ZAG000117870

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN382 Senior Unsecured Floating Rate
Credit Linked Note due 20 March 2021 - 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                   ZAR 60,000,000,000
Total notes issued                          ZAR 26 536 456 875.50
Full Note details are as follows:

Issue Date:                                 22 July 2014
Nominal Issued:                             ZAR 25,000,000.00
Coupon Rate:                                Three month ZAR-JIBAR-SAFEX
                                            plus 3.00% for the period
                                            from 22 July 2014 up to but
                                            excluding 20 September 2019
                                            capped at 10.59% nacq and
                                            Three month ZAR-JIBAR-SAFEX
                                            plus 2.00% for the period
                                            from    20    September   2019
                                            inclusive) until the Maturity
                                            Date
Coupon Indicator:                           Floating Rate
Trade Type:                                 Yield
Maturity Date:                              20 March 2021
First Interest Payment Date:                20 September 2014
Interest Payment Dates:                     Each    20     September,   20
                                            December, 20 March and 20
                                            June
Books Close:                                Each    10     September,   10
                                            December, 10 March and 10
                                            June
Last day to register:                       By 17:00 on each 9 September,
                                            9 December, 9 March and 9
                                            June
Interest Commencement Date:                 22 July 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.
Dated 21 July 2014
Sponsor – The Standard Bank of South Africa Limited
Further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)      (011) 415 4100
Email: johann.erasmus@standardbank.co.za

Date: 21/07/2014 10:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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