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THE STANDARD BANK OF SOUTH AFRICA LIMITED - Amended New Financial Instrument Listing Announcement - CLN628?

Release Date: 14/11/2019 17:40
Code(s): CLN628     PDF:  
Wrap Text
Amended New Financial Instrument Listing Announcement - “CLN628”

The Standard Bank of South Africa Limited
Amended New Financial Instrument Listing Announcement - “CLN628”

Stock Code: CLN628
ISIN Code: ZAG000164369

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN628 Senior Unsecured Fixed Rate Credit
Linked Notes due 31 July 2034 - 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)           ZAR40,748,021,742.13
Full Note details are as follows:

Issue Date:                        15 November 2019
Nominal Issued:                    ZAR250,000,000
Coupon Rate:                       9.25%   nacs   as   per   the
                                   Applicable            Pricing
                                   Supplement
Coupon Indicator:                  Fixed
Interest Rate Determination Dates: Each 31 January and 31 July
                                   of each year commencing on
                                   the Interest Commencement
                                   Date until the Maturity Date
Trade Type:                        Yield
Issue Price:                       87.33503%
Maturity Date:                     31 July 2034
Interest Commencement Date:        Issue Date
First Interest Payment Date:       31 January 2020
Interest Payment Dates:            Each 31 January and 31 July
                                   of each year until the
                                   Maturity Date
Business Day Count/Convention:     Actual/365    (Fixed)     and
                                   Following Business Day
Books Close:                       Each 26 January and 26 July
                                   of each year, until the
                                   applicable Interest Payment
                                   Date
Last day to register:              17h00 on 25 January and
                                   25 July of each year, until
                                   the Maturity Date. 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 14 November 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: 14/11/2019 05:40:00
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