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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN542

Release Date: 27/09/2018 13:46
Code(s): CLN542     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - CLN542

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN542”

Stock Code:    CLN542
ISIN Code:     ZAG000154436

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN542 Senior Unsecured Floating Rate
Credit Linked Note due 30 May 2022- 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)          ZAR31,538,047,524.66
Full Note details are as follows
Issue Date:                        28 September 2018
Nominal Issued:                    ZAR142,734,950
Coupon Rate:                       three-month     ZAR-JIBAR-SAFEX
                                   plus 2.10% as per the Pricing
                                   Supplement
Coupon Indicator:                  Floating
Interest Determination Dates:      Each 28 February, 30 May, 30
                                   August and 30 November until
                                   Maturity Date
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     30 May 2022
First Interest Payment Date:       30 November 2018
Interest Payment Dates:            Each 28 February, 30 May, 30
                                   August and 30 November until
                                   the Maturity Date
Business Day Count/Convention:     Actual/365      (Fixed)      and
                                   Following Business Day
Books Close:                       From each 18 February, 20
                                   May,   20   August     and    20
                                   November    of     each     year
                                   commencing   on   20    November
                                   2018, until the applicable
                                   Interest Payment Date.
Last day to register:              By: 17h00 17 February, 19
                                   May,   19   August     and    19
                                   November    of     each     year
                                   commencing   on   19    November
                                   2018.
Interest Commencement Date:        Issue Date
Placement Agent:                   The Standard Bank of South
                                   Africa Limited
Debt Security subject
to guarantee; security
or credit enhancement:             Not Applicable

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 deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
Dated 27 September 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: 27/09/2018 01:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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