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

Release Date: 07/11/2019 15:12
Code(s): SSN093     PDF:  
Wrap Text
New Financial Instrument Listing Announcement

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SSN093”

Stock Code:     SSN093
ISIN Code:      ZAG000164120

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN093 Senior Floating Rate Listed Note
due 31 January 2030 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)            ZAR39,943,208,949.13
Full Note details are as follows
Issue Date:                        08 November 2019
Nominal Issued:                    ZAR50,000,000
Coupon Rate:                       three-month     JIBAR    +    1.35%
                                   plus    Spread(t)      as     fully
                                   described     in    the     Pricing
                                   Supplement
Coupon Indicator:                  Floating
Interest Rate Determination Dates: Each 31 January, 30 April, 31
                                   July and 31 October of each
                                   year,     commencing       on    31
                                   January     2020     until      the
                                   Maturity Date
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     31 January 2030
First Interest Payment Date:       31 January 2020
Interest Payment Dates:            Each 31 January, 30 April, 31
                                   July and 31 October of each
                                   year until the Maturity Date
Business Day Count/Convention:     Actual/365        (Fixed)       and
                                   Following Business Day
Books Close:                       From   each 26 January, 25
                                   April,     26    July     and    26
                                   October, until the applicable
                                   Interest Payment Date.
Last day to register:              By: 25 January, 24 April, 25
                                   July and 25 October of each
                                   year,    until     the    Maturity
                                   Date.
Interest Commencement Date:        08 November 2019
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 07 November 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: 07/11/2019 03:12:00
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