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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN505

Release Date: 24/10/2017 14:00
Code(s): CLN505     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - CLN505

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN505”

Stock Code:    CLN505
ISIN Code:     ZAG000147752

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN505 Senior Unsecured Floating Rate
Credit Linked Note due 24 October 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                 ZAR26,043,880,562.13
Full Note details are as follows
Issue Date:                        25 October 2017
Nominal Issued:                    ZAR300,000,000
Coupon Rate:                       In respect of each Interest
                                   Period from, and including:
                                   (i)   the Issue Date until,
                                         but              excluding,
                                         24 October 2020: three
                                         month       ZAR-JIBAR-SAFEX
                                         plus 1.7%; and
                                   (ii) 24 October 2020 until,
                                         but     excluding,      the
                                         Scheduled Maturity Date:
                                         three month ZAR-JIBAR-
                                         SAFEX plus 2.2%,
                                   as per the Pricing Supplement
Coupon Indicator:                  Floating
Trade Type:                        Price
Maturity Date:                     24 October 2022
First Interest Payment Date:       24 January 2018
Interest Payment Dates:            Each 24 January, 24 April,
                                   24 July and 24 October until
                                   the Maturity Date
Business Day Count/Convention:     Actual/365(Fixed)             and
                                   Following Business Day
Books Close:                       From     each      14    January,
                                   14 April,      14     July    and
                                   14 October     of     each   year
                                   commencing on 14 January 2018
Last day to register:              By:    17h00 on 13       January,
                                   13 April,      13     July    and
                                   13 October     of     each   year
                                   commencing on 13 January 2018
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 24 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: 24/10/2017 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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