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

Release Date: 10/10/2019 16:25
Code(s): SSN091     PDF:  
 
Wrap Text
New Financial Instrument Listing Announcement

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “SSN091”

Stock Code:    SSN091
ISIN Code:     ZAG000163221

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – SSN091 Senior Floating Rate Listed Note
due 11 October 2020 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)           ZAR38,174,208,949.13
Full Note details are as follows
Issue Date:                        11 October 2019
Nominal Issued:                    ZAR300,000,000
Coupon Rate:                       Daily accrual at three-month
                                   JIBAR +     1.45% within the
                                   range, three-month JIBAR / 2
                                   outside the range as fully
                                   described    in     the   Pricing
                                   Supplement
Coupon Indicator:                  Floating
Interest Rate Determination Dates: Each day that is 3 (three)
                                   Business Days prior to an
                                   Interest Payment Date, with
                                   the    first     Interest    Rate
                                   Determination Date being the
                                   Interest Commencement Date.
Trade Type:                        Price
Issue Price:                       100%
Maturity Date:                     11 October 2020
First Interest Payment Date:       11 January 2020
Interest Payment Dates:            11 January 2020, 11 April
                                   2020, 11 July 2020 and 11
                                   October 2020
Business Day Count/Convention:     Actual/365      and     Following
                                   Business Day
Books Close:                       From each 6 January, 6 April,
                                   6 July and 6 October, until
                                   the     applicable       Interest
                                   Payment Date.
Last day to register:              By: 17h00 on 5 January, 5
                                   April, 5 July and 5 October
                                   of   each    year,    until   the
                                   Maturity Date.
Interest Commencement Date:        8 October 2019
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 10 October 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: 10/10/2019 04:25:00
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