Wrap Text
New Financial Instrument Listing Announcement - “CLN673”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN673”
Stock Code: CLN673
ISIN Code: ZAG000168055
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN673 Senior Unsecured Mixed 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) ZAR46,110,508,765.93
Full Note details are as follows:
Issue Date: 14 May 2020
Nominal Issued: ZAR136,559,000
Coupon Rate: Indexed Notes – From, and
including, the Interest
Commencement Date to, but
excluding, 31 January 2025:
As per formula contained in
Applicable Pricing
Supplement
Floating Rate Notes - From,
and including, 31 January
2025 until the Maturity
Date: three month ZAR-JIBAR-
SAFEX plus 2.50%
Coupon Indicator: Indexed Notes – Inflation
Linked
Floating Rate Notes -
Floating
Interest Determination Dates: In respect of:
Indexed Notes – Each 31
January and 31 July of each
year, commencing on the
Interest Commencement Date
up to, but excluding, 31
January 2025
Floating Rate Notes - Each
31 January 2025, 19 February
2025, and 19 May 2025,
commencing on 31 January
2025 until the Maturity Date
Trade Type: Price
Issue Price: ZAR139,416,400.22
Maturity Date: 19 August 2025
Interest Commencement Date: 31 January 2020
First Interest Payment Date: 31 July 2020
Interest Payment Dates: In respect of:
Indexed Notes – Each 31
January and 31 July until 31
January 2025
Floating Rate Notes –
19 February 2025,
19 May 2025 and
19 August 2025
Business Day Count/Convention: Actual/365(fixed) and
Following Business Day
Books Close: From:
(i) in respect of the Indexed
Notes – from each
26 January and 26 July,
until the applicable
Interest Payment Date,
the first such books
closed period commencing
on 26 July 2020; and
(ii)in respect of the
Floating Rate Notes –
each 14 February 2025,
14 May 2025, and
14 August 2025, until
the applicable Interest
Payment Date, the first
such books closed period
commencing on 14 February
2025
Last day to register: By: 17:00 on:
(i) in respect of the Indexed
Notes - each of the
following dates occurring
during the period from, and
including, the Issue Date
until, but excluding,
31 January 2025: each
25 January and 25 July, with
the first such Last Day to
Register being 25 July 2020;
and
(ii) in respect of the Floating
Rate Notes - each of the
following dates occurring
during the period from, and
including, 31 January 2025
until, but excluding, the
Maturity Date: each
13 February 2025,
13 May 2025,
13 August 2025, with the
first such Last Day to
Register being
13 February 2025
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 13 May 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: 13-05-2020 11:25:00
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 
