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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN523?

Release Date: 22/03/2018 10:45
Code(s): CLN523     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN523”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN523”

Stock Code:    CLN523
ISIN Code:     ZAG000150384

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN523 Senior Unsecured Floating Rate
Credit Linked Note due 13 May 2021 - 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                 ZAR28,876,607,773,74
Full Note details are as follows
Issue Date:                        23 March 2018
Nominal Issued:                    ZAR100,000,000
Coupon Rate:                       three month ZAR-JIBAR-SAFEX
                                   plus 2.00% as per the Pricing
                                   Supplement
Coupon Indicator:                  Floating
Trade Type:                        Price
Maturity Date:                     13 May 2021
First Interest Payment Date:       13 May 2018
Interest Payment Dates:            Each 13 February, 13 May, 13
                                   August and 13 November until
                                   the Maturity Date
Business Day Count/Convention:     Actual/365     (Fixed)     and
                                   Following Business Day
Books Close:                       From each 03 February, 03
                                   May,   03    August   and   03
                                   November    of    each    year
                                   commencing on 03 May 2018
Last day to register:              By: 17h00 on 02 February, 02
                                   May,   02    August   and   02
                                   November    of    each    year
                                   commencing on 02 May 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 22 March 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: 22/03/2018 10:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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