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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN706?

Release Date: 18/08/2020 11:19
Code(s): CLN706     PDF:  
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New Financial Instrument Listing Announcement - “CLN706”

The Standard Bank of South Africa Limited

New Financial Instrument Listing Announcement - “CLN706”

Stock Code: CLN706
ISIN Code: ZAG000170283

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN706 Senior Unsecured Fixed Rate Credit
Linked Notes due 28 February 2035 - 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)           ZAR48,670,077,040.93
Full Note details are as follows:
Issue Date:                         19 August 2020
Nominal Issued:                     ZAR60,000,000
Coupon Rate:                        8.875%,    as       per       the
                                    Applicable                Pricing
                                    Supplement
Coupon Indicator:                   Fixed

Interest Determination Dates:       Each     28 February      and
                                    31 August of each year until
                                    the Maturity Date, with the
                                    first      Interest      Rate
                                    Determination Date being the
                                    Interest Commencement Date
Trade Type:                         Yield
Issue Price:                        89.66635%
Maturity Date:                      28 February 2035
Interest Commencement Date:         28 February 2020
First Interest Payment Date:        31 August 2020
Interest Payment Dates:             Each     28 February      and
                                    31 August of each year until
                                    the Maturity Date
Business Day Convention:            Following Business Day
Books Close:                        Each     23 February      and
                                    26 August      until      the
                                    applicable Interest Payment
                                    Date
Last day to register:               17h00 on 22 February and
                                    25 August   of   each   year,
                                    until the Maturity Date, 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 18 August 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: 18-08-2020 11:19:00
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