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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement- CLN528

Release Date: 07/05/2018 17:20
Code(s): CLN528     PDF:  
Wrap Text
New Financial Instrument Listing Announcement- CLN528

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN528”

Stock Code:    CLN528
ISIN Code:     ZAG000151168

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN528 Senior Unsecured Floating Rate
Credit Linked Note due 25 November 2024 - 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                 ZAR28,843,581,854.82
Full Note details are as follows
Issue Date:                        08 May 2018
Nominal Issued:                    ZAR100,000,000
Coupon Rate:                       In respect of each Interest
                                   Period from, and including:
                                   (i)     Interest     Commencement
                                           Date      until       but
                                           excluding, 25 May 2018:
                                           three month ZAR-JIBAR-
                                           SAFEX plus 2.55% and
                                   (ii) 25 May 2018 until, but
                                        excluding, 25 November
                                        2019: three month ZAR-
                                        JIBAR-SAFEX plus  2.92%
                                        and
                                   (iii)       25 November 2019,
                                         until but excluding 25
                                         November    2022:   three
                                         month     ZAR-JIBAR-SAFEX
                                         plus 2.55% and
                                   (iv) 25 November 2022, until
                                         but     excluding     the
                                         Scheduled Maturity Date:
                                         three month ZAR-JIBAR-
                                         SAFEX plus 2.00%
                                   as per the Pricing Supplement
Coupon Indicator:                  Floating
Trade Type:                        Price
Maturity Date:                     25 November 2024
First Interest Payment Date:       25 May 2018
Interest Payment Dates:            Each 25 February, 25 May,
                                   25 August    and  25    November
                                   until the Maturity Date
Business Day Count/Convention:     Actual/365(Fixed)            and
                                   Following Business Day
Books Close:                       From each 15 February, 15
                                   May,     15      August      and
                                   15 November    of   each    year
                                   commencing on 15 May 2018
Last day to register:              By: 17h00 on 14 February,
                                   14 May,     14    August     and
                                   14 November    of   each    year
                                   commencing on 14 May 2018
Interest Commencement Date:        01 March 2018
Placement Agent:                   The Standard Bank of South
                                   Africa Limited

Settlement will take place electronically in terms of JSE Rules.
Dated 07 May 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: 07/05/2018 05:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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