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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN556?

Release Date: 18/01/2019 10:00
Code(s): CLN556     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN556”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN556”

Stock Code:    CLN556
ISIN Code:     ZAG000156415

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN556 Senior Unsecured Floating Rate
Credit Linked Note due 15 November 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
(including current issue)          ZAR32,026,802,552.43
Full Note details are as follows
Issue Date:                        21 January 2019
Nominal Issued:                    ZAR50,000,000
Coupon Rate:                       three-month     ZAR-JIBAR-SAFEX
                                   plus 2.36%, capped at 10.01%
                                   as per the Pricing Supplement
Coupon Indicator:                  Floating
Interest Rate Determination Dates: Each    15 February,    15 May,
                                   15 August and 15 November of
                                   each year, with the first
                                   Interest Rate Determination
                                   Date being the Issue Date
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     15 November 2023
First Interest Payment Date:       15 February 2019
Interest Payment Dates:            Each    15 February,    15 May,
                                   15 August    and    15 November
                                   until the Maturity Date
Business Day Count/Convention:     Actual/365      (Fixed)     and
                                   Following Business Day
Books Close:                       From     each      05 February,
                                   05 May,      05 August      and
                                   05 November   of   each   year,
                                   until the applicable Interest
                                   Payment Date.
Last day to register:              By:   17h00   on   04 February,
                                   04 May,      04 August      and
                                   04 November of each year
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 18 January 2019
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: 18/01/2019 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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