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

Release Date: 15/08/2018 11:35
Code(s): SSN080     PDF:  
Wrap Text
New Financial Instrument Listing Announcement

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SSN080”

Stock Code: SSN080
ISIN Code: ZAG000153412

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN080 Senior Unsecured Floating Rate
Notes due 16 August 2020 - 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
(including current issue)           ZAR31,349,202,054.82.

Full Note details are as follows:

Issue Date:                         16 August 2018
Nominal Issued:                     ZAR160,000,000.00
Coupon Rate:                        For the first year:
                                    Daily accrual at 3m JIBAR +
                                    1.65% within the range, 3m
                                    JIBAR/2 outside the range

                                    For the second year:
                                    3m Jibar + 100bps
Coupon Indicator:                   Floating
Trade Type:                         Price
Maturity Date:                      16 August 2020
First Interest Payment Date:        16 November 2018
Interest Payment Dates:             Each 16 August, 16 November,
                                    16 February and 16 May until
                                    the Maturity Date.
Books Close:                        From   each   06   August,   06
                                    November, 06 February and 06
                                    May of each year commencing
                                    on 06 November 2018, until
                                    the     applicable     Interest
                                    Payment Date.
Business Day Count/Convention:      Actual/365      (Fixed)     and
                                    Following Business Day
Last day to register:               By: 17:00 on each 05 August,
                                    05 November, 05 February and
                                    05    May    of    each    year
                                    commencing         on        05
                                    November 2018.
Interest Commencement Date:         16 August 2018
Placement Agent:                   The Standard Bank   of     South
                                   Africa Limited


Additional Terms and Conditions: Investors should study the
Pricing Supplement for full details of the specific terms and
conditions applicable to this specific issuance.

Notes   will  be   dematerialised  in  the   Central  Securities
Depository (“CSD”) and settlement will take place electronically
in terms of JSE Rules.
Dated 15 August 2018
Sponsor – The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 15/08/2018 11:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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