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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN529

Release Date: 07/05/2018 17:44
Code(s): CLN529     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - CLN529

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN529”

Stock Code:    CLN529
ISIN Code:     ZAG000151176

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN529 Senior Unsecured Floating Rate
Credit Linked Note due 29 November 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                 ZAR28,943,581,854.82
Full Note details are as follows
Issue Date:                        08 May 2018
Nominal Issued:                    ZAR200,000,000
Coupon Rate:                       In respect of each Interest
                                   Period from, and including:
                                   (i)   Interest     Commencement
                                         Date      until       but
                                         excluding, 29 May 2018:
                                         three month ZAR-JIBAR-
                                         SAFEX plus 2.35% and
                                   (ii) 29 May 2018 until, but
                                         excluding, 29 February
                                         2020: three month ZAR-
                                         JIBAR-SAFEX plus 2.72%
                                         and
                                   (iii)29 February 2020, until
                                         but      excluding       29
                                         November    2021:     three
                                         month     ZAR-JIBAR-SAFEX
                                         plus 2.35%
                                   as per the Pricing Supplement
Coupon Indicator:                  Floating
Trade Type:                        Price
Maturity Date:                     29 November 2021
First Interest Payment Date:       29 May 2018
Interest Payment Dates:            Each 28 February, 29 May, 29
                                   August, and 29 November until
                                   the Maturity Date
Business Day Count/Convention:     Actual/365(Fixed)             and
                                   Following Business Day
Books Close:                       From each 18 February, 19
                                   May,    19   August,    and    19
                                   November    of    each     year
                                   commencing on 19 May 2018
Last day to register:              By: 17h00 on 17 February, 18
                                   May,   18   August,    and   18
                                   November    of    each     year
                                   commencing on 18 May 2018
Interest Commencement Date:        28 February 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 05:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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