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STANDARD BANK OF SA LTD - New Financial Instrument Listing Announcement - CLN465?

Release Date: 14/03/2017 11:35
Code(s): CLN465     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN465”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN465”

Stock Code:    CLN465
ISIN Code:     ZAG000142761

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN465 Senior Unsecured Floating Rate
Credit Linked Note due 14 March 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                  ZAR26,768,456,401.99

Full Note details are as follows:
Issue Date:                         14 March 2017
Nominal Issued:                     ZAR300,000,000
Coupon Rate:                        (i) three month ZAR-JIBAR-
                                    SAFEX plus Margin of 1.7%
                                    (applicable to each Interest
                                    Period   commencing   on,   and
                                    including,     the     Interest
                                    Commencement Date up to, but
                                    excluding, 14 March 2020; and
                                    ii) three month ZAR-JIBAR-
                                    SAFEX plus Margin of 2.45%
                                    (applicable to each Interest
                                    Period   commencing   on,   and
                                    including,   14    March   2020
                                    until the Maturity Date),
                                    as per the Pricing Supplement
Coupon Indicator:                   Floating
Trade Type:                         Price
Maturity Date:                      14 March 2022
First Interest Payment Date:        14 June 2017
Interest Payment Dates:             Each 14 March, 14 June, 14
                                    September and 14 December
Books Close:                        From each 04 March, 04 June,
                                    04 September and 04 December
Last day to register:               By: 17h00 on each 03 March,
                                    03 June, 03 September, and 03
                                    December
Interest Commencement Date:         14 March 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 14 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: 14/03/2017 11:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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