Wrap Text
New Financial Instrument Listing Announcement - “CLN638”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN638”
Stock Code: CLN638
ISIN Code: ZAG000165697
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN638 Senior Unsecured Floating Rate
Credit Linked Notes due 19 August 2025 - 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) ZAR43,716,918,961.65
Full Note details are as follows:
Issue Date: 20 January 2020
Nominal Issued: ZAR45,000,000
Coupon Rate: In respect of each Interest
Period from, and
including:(i) the Issue
Date up to, but excluding,
19 February 2021: three-
month ZAR-JIBAR-SAFEX plus
2.45%;
(ii) 19 February 2021 up to,
but excluding,
19 February 2022: three-
month ZAR-JIBAR-SAFEX plus
2.65%;
(iii) 19 February 2022 up
to, but excluding,
19 February 2023: three-
month ZAR-JIBAR-SAFEX plus
2.85%; and
(iv) 19 February 2023 up to,
but excluding, the Maturity
Date: three-month ZAR-
JIBAR-SAFEX plus 3.04%, as
per the Applicable Pricing
Supplement.
Coupon Indicator: Floating
Interest Determination Dates: Each 19 February, 19 May,
19 August and 19 November of
each year, commencing on the
Issue Date until the
Maturity Date
Trade Type: Price
Issue Price: 100%
Maturity Date: 19 August 2025
Interest Commencement Date: Issue Date
First Interest Payment Date: 19 February 2020
Interest Payment Dates: Each 19 February, 19 May,
19 August and 19 November of
each year until the Maturity
Date
Business Day Count/Convention: Actual/365 (Fixed) and
Following Business Day
Books Close: Each 14 February, 14 May,
14 August and 14 November of
each year, until the
applicable Interest Payment
Date
Last day to register: 17h00 on 13 February,
13 May, 13 August and
13 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 17 January 2020
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: 17-01-2020 10:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
