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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN525

Release Date: 25/04/2018 12:30
Code(s): CLN525     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - CLN525

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN525”

Stock Code:    CLN525
ISIN Code:     ZAG000151010

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN525 Senior Unsecured Floating Rate
Credit Linked Note due 24 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                 ZAR28,597,406,854.82
Full Note details are as follows
Issue Date:                        26 April 2018
Nominal Issued:                    ZAR53,000,000
Coupon Rate:                       In respect of each Interest
                                   Period from, and including:
                                   (i)   the Issue Date until,
                                         but              excluding,
                                         24 April 2021:        three
                                         month      ZAR-JIBAR-SAFEX
                                         plus 1.75%; and
                                   (ii) 24 April 2021 until, but
                                         excluding, the Scheduled
                                         Maturity     Date:    three
                                         month      ZAR-JIBAR-SAFEX
                                         plus 2.25%,
                                   as per the Pricing Supplement
Coupon Indicator:                  Floating
Trade Type:                        Price
Maturity Date:                     24 April 2023
First Interest Payment Date:       24 July 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 July 2018
Last day to register:              By:    17h00 on 13 January,
                                   13 April,     13     July     and
                                   13 October     of    each    year
                                   commencing on 13 July 2018
Interest Commencement Date:        Issue Date
Placement Agent:                   The Standard Bank   of    South
                                   Africa Limited

Settlement will take place electronically in terms of JSE Rules.
Dated 25 April 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: 25/04/2018 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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