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THE STANDARD BANK OF SA LTD - New Financial Instrument Listing Announcement - SBK22, SBK23

Release Date: 27/05/2015 08:30
Code(s): SBK22 SBK23     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - SBK22, SBK23

The Standard Bank of South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number 1962/000738/06)

Dated: 27 May 2015

Stock Codes: SBK22 – ZAG000126442
             SBK23 – ZAG000126434

New Financial Instrument Listing Announcement

The JSE Limited has granted a financial instrument listing to
The Standard Bank of South Africa Limited – “SBK22, SBK23”
Subordinated Unsecured Tier 2 Notes under its Domestic Medium
Term Note Programme

Full Note details are as follows:

Authorised Programme size           R90,000,000,000.00
Total notes in issue                R 75,626,326,541.00


Bond Code:                          SBK22
Aggregate Nominal Amount:           ZAR1,000,000,000.00
Coupon Indicator:                   Floating Rate
Trade Type                          Price
Floating Interest Rate              3 Month JIBAR as at 25 May
                                    2015 plus 350bps
Issue Price:                        100%
Maturity Date:                      28 May 2025, unless redeemed
                                    at the Optional Redemption
                                    Date
First Interest Payment Date:        28 August 2015
Interest Payment Dates:             28 February, 28 May, 28
                                    August and 28 November of
                                    each year until the Maturity
                                    Date
Books Close:                        19 February, 19 May, 19
                                    August and 19 November each
                                    year to the Maturity Date
Last day to register:               By 17h00 on 18 February,
                                    18 May, 18 August and 18
                                    November of each year
Interest Commencement Date:         28 May 2015
Settlement Date:                    28 May 2015
Placement Agent:                    The Standard Bank of South
                                    Africa Limited

Bond Code:                          SBK23
Aggregate Nominal Amount:           ZAR1,000,000,000.00
Coupon Indicator:                   Fixed Rate
Trade Type                          Yield
Coupon Rate                         11.56%
Issue Price:                        100%
Maturity Date:                      28 May 2027, unless redeemed
                                    at the Optional Redemption
                                    Date
First Interest Payment Date:        28 November 2015
Interest Payment Dates:             28 May and 28 November of
                                    each year until the Maturity
                                    Date
Books Close:                        19 May and 19 November each
                                    year to the Maturity Date
Last day to register:               By 17h00 on 18 May and 18
                                    November of each year
Interest Commencement Date:         28 May 2015
Settlement Date:                    28 May 2015
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.

Sponsor:   The Standard Bank of South Africa Limited, acting
           through its Corporate and Investment Banking division
           (“SBSA”)

For further information on the Notes issued please contact:
Alexi Contogiannis       SBSA                (011) 721 8003

Date: 27/05/2015 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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