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New Financial Instrument Listing Announcement - CLN517
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN517”
Stock Code: CLN517
ISIN Code: ZAG000149865
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN517 Senior Unsecured Mixed Rate Credit
Linked Notes due 30 April 2023 - 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 ZAR29,103,457,373.90
Full Note details are as follows:
Issue Date: 01 March 2018
Nominal Issued: ZAR90,000,000
Coupon Rate: Fixed Rate: from the Issue
Date until, but excluding,
30 October 2022: 10.01% nacs;
and
Floating Rate: from, and
including, 30 October 2022
until, but excluding, the
Maturity Date: three month
ZAR-JIBAR-SAFEX plus 2.05%
Coupon Indicator: From the Issue Date until,
but excluding,
30 October 2022: Fixed; and
From, and including,
30 October 2022 until, but
excluding the Maturity Date:
Floating
Trade Type: Price
Maturity Date: 30 April 2023
First Interest Payment Date: 30 April 2018
Interest Payment Dates: In respect of:
Fixed Rate Notes: Each
30 April and 30 October up to
and including 30 October 2022
Floating Rate Notes:
30 January, 30 April, 30 July
and 30 October until the
Maturity Date, with the first
Interest Payment Date being
30 January 2023
Business Day Count/Convention: Actual/365(Fixed) and
Following Business Day
Books Close: From:
(i) in respect of the Fixed
Rate Notes: from each
20 April and 20 October,
commencing on
20 April 2018 until the
applicable Interest
Payment Date, the last
such books closed period
commencing on
20 October 2022; and
(ii) in respect of the
Floating Rate Notes:
each 20 January,
20 April, 20 July and
20 October of each year,
until the applicable
Interest Payment Date,
the first such books
closed period commencing
on 20 January 2023.
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,
30 October 2022: each
19 April and 19 October,
with the first such Last
Day to Register being
19 April 2018; and
(ii) in respect of the
Floating Rate Notes,
each of the following
dates occurring during
the period from, and
including,
30 October 2022 until,
but excluding, the
Maturity Date: each
19 January, 19 April,
19 July and 19 October,
the first such Last Day
to Register being
19 January 2023
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 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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