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THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - CLN633

Release Date: 05/12/2019 10:50
Code(s): CLN633     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - CLN633

The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN633”

Stock Code: CLN633
ISIN Code: ZAG000165069

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN633 Senior Unsecured Floating Rate
Credit Linked Notes due 09 October 2034 - 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)           ZAR42,070,210,542.13
Full Note details are as follows:
Issue Date:                         06 December 2019
Nominal Issued:                     ZAR51,000,000
Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus    3.645%,    per    the
                                    Applicable            Pricing
                                    Supplement
Coupon Indicator:                   Floating
Interest Determination Dates:       Each 09 January, 09 April,
                                    09 July and 09 October of
                                    each year commencing on the
                                    Interest Commencement Date
                                    until the Maturity Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      09 October 2034
Interest Commencement Date:         Issue Date
First Interest Payment Date:        09 January 2020
Interest Payment Dates:             Each 09 January, 09 April,
                                    09 July and 09 October of
                                    each year until the Maturity
                                    Date
Business Day Count/Convention:      Actual/365     (Fixed)    and
                                    Following Business Day
Books Close:                        Each 04 January, 04 April,
                                    04 July and 04 October of
                                    each    year,    until    the
                                    applicable Interest Payment
                                    Date
Last day to register:               17h00 on 03 January, 03
                                    April,   03   July   and   03
                                    October 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 05 December 2019
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: 05-12-2019 10:50:00
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