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STANDARD BANK OF SA LTD - Tap Issue Announcement- CLN461

Release Date: 08/03/2017 17:25
Code(s): CLN461     PDF:  
Wrap Text
Tap Issue Announcement- CLN461

The Standard Bank of South Africa Limited
Tap Issue Announcement - “CLN461”

Stock Code:    CLN461
ISIN Code:     ZAG000142209

The JSE Limited has granted a tap issue to The Standard Bank of
South Africa Limited – CLN461 Senior Unsecured Fixed Rate Credit
Linked Note due 15 February 2022 - 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                  ZAR26,218,456,401.99

Full Note details are as follows:
Tap Issue Date:                     09 March 2017
Tap Amount:                         ZAR15,000,000
Total Nominal Issued:               ZAR345,000,000
Coupon Rate:                        three month ZAR-JIBAR-SAFEX
                                    plus Margin of 3.2% as per
                                    the Pricing Supplement
Coupon Indicator:                   Floating
Trade Type:                         Price
Maturity Date:                      15 February 2022
First Interest Payment Date:        15 May 2017
Interest Payment Dates:             15   February,   15   May, 15
                                    August and 15 November until
                                    Maturity Date
Books Close:                        From each 05 February, 05
                                    May,    05   August   and  05
                                    November
Last day to register:               By:    17h00    on   each  04
                                    February, 04 May, 04 August
                                    and 04 November
Interest Commencement Date:         15 February 2017
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 08 March 2017
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: 08/03/2017 05:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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