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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN654?

Release Date: 27/02/2020 10:06
Code(s): CLN654     PDF:  
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New Financial Instrument Listing Announcement - “CLN654”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN654”

Stock Code: CLN654
ISIN Code: ZAG000166695

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN654 Senior Unsecured Floating Rate
Credit Linked Notes due 02 April 2026 - 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)           ZAR45,478,418,961.65
Full Note details are as follows:
Issue Date:                         28 February 2020
Nominal Issued:                     ZAR100,000,000
Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus 3.30%
Coupon Indicator:                   Floating
Interest Determination Dates:       Each 02 January, 02 April,
                                    02 July and 02 October of
                                    each year, commencing on the
                                    Issue    Date    until    the
                                    Maturity Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      02 April 2026
Interest Commencement Date:         Issue Date
First Interest Payment Date:        02 April 2020
Interest Payment Dates:             Each 02 January, 02 April,
                                    02 July and 02 October of
                                    each year until the Maturity
                                    Date
Business Day Count/Convention:      Actual/365     (Fixed)    and
                                    Following Business Day
Books Close:                        Each       28       December,
                                    28 March, 27 June and 27
                                    September   of   each   year,
                                    until     the      applicable
                                    Interest Payment Date
Last day to register:               17h00 on 27 December, 27
                                    March,   26   June   and   26
                                    September 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 27 February 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: 27-02-2020 10:06:00
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