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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN571?

Release Date: 15/03/2019 11:20
Code(s): CLN571     PDF:  
 
Wrap Text
New Financial Instrument Listing Announcement - “CLN571”

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN571”

Stock Code:    CLN571
ISIN Code:     ZAG000157868

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN571 Senior Unsecured Fixed Rate Credit
Linked Note due 12 November 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)          ZAR34,300,590,464.43
Full Note details are as follows
Issue Date:                        18 March 2019
Nominal Issued:                    ZAR10,000,000
Coupon Rate:                       9.98% nacs as per the Pricing
                                   Supplement
Coupon Indicator:                  Fixed
Interest Rate Determination Dates: Each 12 May and 12 November
                                   of each year, commencing on
                                   the Issue Date
Trade Type:                        Yield
Issue Price:                       100%
Maturity Date:                     12 November 2025
First Interest Payment Date:       12 May 2019
Interest Payment Dates:            Each 12 May and 12 November
                                   until the Maturity Date
Business Day Count/Convention:     Actual/365     (Fixed)      and
                                   Following Business Day
Books Close:                       From     each    02 May     and
                                   02 November   of   each   year,
                                   until the applicable Interest
                                   Payment Date
Last day to register:              By:   17h00   on   01 May   and
                                   01 November of each year
Interest Commencement Date:        Issue Date
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 15 March 2019
Sponsor – The Standard Bank of South Africa Limited

For further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 15/03/2019 11:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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