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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN500

Release Date: 11/10/2017 13:00
Code(s): CLN500     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - CLN500

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN500”

Stock Code:    CLN500
ISIN Code:     ZAG000147422

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN500 Senior Unsecured Floating Rate
Credit Linked Note due 10 October 2020 - 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                  ZAR25,608,680,562.13
Full Note details are as follows:
Issue Date:                         13 October 2017
Nominal Issued:                     ZAR150,000,000
Coupon Rate:                        three month ZAR-JIBAR-SAFEX
                                    plus 1.75% as per the Pricing
                                    Supplement
Coupon Indicator:                   Floating
Trade Type:                         Price
Maturity Date:                      10 October 2020
First Interest Payment Date:        10 January 2018
Interest Payment Dates:             Each 10 January, 10 April,
                                    10 July and 10 October until
                                    the Maturity Date
Business Day Count/Convention:      Actual/365(Fixed)          and
                                    Following Business Day
Books Close:                        From    each    31   December,
                                    31 March,    30    June    and
                                    30 September   of  each   year
                                    commencing                  on
                                    31 December 2017
Last day to register:               By: 17h00 on 30 December,
                                    30 March,    29    June    and
                                    29 September   of  each   year
                                    commencing                  on
                                    30 December 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 11 October 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: 11/10/2017 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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