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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement

Release Date: 29/08/2017 15:00
Code(s): CLN495     PDF:  
Wrap Text
New Financial Instrument Listing Announcement

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN495”

Stock Code:    CLN495
ISIN Code:     ZAG000146432

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN495 Senior Unsecured Floating Rate
Credit Linked Note due 29 August 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                  ZAR26,015,590,562.13

Full Note details are as follows:
Issue Date:                         31 August 2017
Nominal Issued:                     ZAR300,000,000
Coupon Rate:                        In respect of each Interest
                                    Period from, and including:
                                    (i)   the Issue Date until,
                                          but excluding, 29 August
                                          2020: three month ZAR-
                                          JIBAR-SAFEX plus 1.7%;
                                          and
                                    (ii) 29 August 2020 until,
                                          but     excluding,     the
                                          Scheduled Maturity Date:
                                          three month ZAR-JIBAR-
                                          SAFEX plus 2.45%,
                                    as per the Pricing Supplement
Coupon Indicator:                   Floating
Trade Type:                         Price
Maturity Date:                      29 August 2022
First Interest Payment Date:        29 November 2017
Interest Payment Dates:             Each 28 February, 29 May, 29
                                    August and 29 November until
                                    the Maturity Date
Business Day Count/Convention:      Actual/365(Fixed)            and
                                    Following Business Day
Books Close:                        From each 18 February, 19
                                    May,    19   August     and   19
                                    November     of     each    year
                                    commencing    on   19   November
                                    2017
Last day to register:               By: 17h00 on 17 February, 18
                                    May,    18   August     and   18
                                   November    of   each    year
                                   commencing   on 18   November
                                   2017
Interest Commencement Date:        Issue Date
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 28 August 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: 29/08/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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