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New Financial Instrument Listing Announcement - CLN516
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN516”
Stock Code: CLN516
ISIN Code: ZAG000149873
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN516 Senior Unsecured Mixed Rate Credit
Linked Notes due 15 March 2025 - 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 ZAR28,903,457,373.90
Full Note details are as follows:
Issue Date: 01 March 2018
Nominal Issued: ZAR200,000,000
Coupon Rate: Fixed Rate: from the Issue
Date until, but excluding,
15 September 2022: 9.96%
nacs; and
Floating Rate: from, and
including, 15 September 2022
until, but excluding, the
Maturity Date: three month
ZAR-JIBAR-SAFEX plus 2.25%
Coupon Indicator: From the Issue Date until,
but excluding,
15 September 2022: Fixed; and
From, and including,
15 September 2022 until, but
excluding the Maturity Date:
Floating
Trade Type: Price
Maturity Date: 15 March 2025
First Interest Payment Date: 15 March 2018
Interest Payment Dates: In respect of:
Fixed Rate Notes: Each
15 March and 15 September up
to and including
15 September 2022
Floating Rate Notes: Each
15 March, 15 June,
15 September and 15 December
until the Maturity Date, with
the first Interest Payment
Date being 15 December 2022
Business Day Count/Convention: Actual/365(Fixed) and
Following Business Day
Books Close: From:
(i) in respect of the Fixed
Rate Notes: from each
05 March and
05 September, commencing
on 05 March 2018 until
the applicable Interest
Payment Date, the last
such books closed period
commencing on
05 September 2022; and
(ii) in respect of the
Floating Rate Notes:
each 05 March, 05 June,
05 September and
05 December of each
year, until the
applicable Interest
Payment Date, the first
such books closed period
commencing on
05 December 2022.
Last day to register: By: 17h00 on:
(i) in respect of the Fixed
Rate Notes, each of the
following dates
occurring during the
period from, and
including, the Issue
Date until, but
excluding,
15 September 2022: each
04 March and
04 September, with the
first such Last Day to
Register being
04 March 2018; and
(ii) in respect of the
Floating Rate Notes,
each of the following
dates occurring during
the period from, and
including,
15 September 2022 until,
but excluding, the
Maturity Date: each
04 March, 04 June,
04 September and
04 December, the first
such Last Day to
Register being
04 December 2022
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 February 2018
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: 28/02/2018 04:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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