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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN582?

Release Date: 22/05/2019 10:27
Code(s): CLN582     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - “CLN582”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN582”

Stock Code:    CLN582
ISIN Code:     ZAG000159708

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN582 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)           ZAR35,823,108,202.43

Full Note details are as follows:

Issue Date:                        23 May 2019
Nominal Issued:                    ZAR275,000,000
Coupon Rate:                       three-month     ZAR-JIBAR-SAFEX
                                   plus 1.75% as per the Pricing
                                   Supplement
Coupon Indicator:                  Floating
Interest Rate Determination Dates: Each 28 February, 30 May, 30
                                   August and 30 November of
                                   each year, commencing on the
                                   Interest    Commencement   Date
                                   until the Maturity Date
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     30 May 2022
Interest Commencement Date:        Issue Date
First Interest Payment Date:       30 August 2019
Interest Payment Dates:            Each 28 February, 30 May, 30
                                   August and 30 November of
                                   each year until the Maturity
                                   Date
Business Day Count/Convention:     Actual/365     and    Following
                                   Business Day
Books Close:                       From each 18 February, 20
                                   May,   20    August    and   20
                                   November of each year, until
                                   the    applicable      Interest
                                   Payment Date
Last day to register:              By: 17h00 on 17 February, 19
                                   May,   19    August    and   20
                                   November of each year, or if
                                   such day is not a Business
                                   Day, the Business Day before
                                   each books closed period
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 22 May 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: 22/05/2019 10:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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