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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement -CLN616

Release Date: 08/10/2019 11:40
Code(s): CLN616     PDF:  
Wrap Text
New Financial Instrument Listing Announcement -CLN616

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN616”

Stock Code: CLN616
ISIN Code: ZAG000163163

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN616 Senior Unsecured Floating Rate
Credit Linked Notes due 20 December 2029 - 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)           ZAR38,174,208,949.13
Full Note details are as follows:

Issue Date:                         9 October 2019
Nominal Issued:                     ZAR1,000,000,000
Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus    3.70%,   per    the
                                    Applicable          Pricing
                                    Supplement

Coupon Indicator:                   Floating
Interest Determination Dates:       Each 20 March, 20 June, 20
                                    September and 20 December of
                                    each year, commencing on
                                    Issue    Date     until    the
                                    Maturity Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      20 December 2029
Interest Commencement Date:         Issue Date
First Interest Payment Date:        30 November 2019
Interest Payment Dates:             Each   20 March,      20 June,
                                    20 September and 20 December
                                    of each year until the
                                    Maturity Date
Business Day Count/Convention:      Actual/365    and    Following
                                    Business Day
Books Close:                        Each 15 March, 15 June, 15
                                    September and 15 December,
                                    until     the       applicable
                                    Interest Payment Date.
Last day to register:               17h00 on 14 March, 14 June,
                                    14 September and 14 December
                                    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 8 October 2019
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: 08/10/2019 11:40:00
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