JSE Sens

New Financial Instrument Listing Announcement - CLN635

2020/01/14 10:30:24

Stock report
                    
New Financial Instrument Listing Announcement - ?CLN635?: 
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - 'CLN635'

Stock Code: CLN635
ISIN Code: ZAG000165598

The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited - CLN635 Senior Unsecured Floating 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)           ZAR42,786,918,961.65
Full Note details are as follows:
Issue Date:                         15 January 2020
Nominal Issued:                     ZAR200,000,000
Coupon Rate:                        Three-month ZAR-JIBAR-SAFEX
                                    plus    3.40%,    capped    at
                                    10.45%;
Coupon Indicator:                   Floating
Interest Determination Dates:       Each 19 February, 19 May,
                                    19 August and 19 November of
                                    each year commencing on the
                                    Interest Commencement Date
                                    until the Maturity Date
Trade Type:                         Price
Issue Price:                        100%
Maturity Date:                      19 August 2025
Interest Commencement Date:         Issue Date
First Interest Payment Date:        19 February 2020
Interest Payment Dates:             Each 19 February, 19 May,
                                    19 August and 19 November of
                                    each year until the Maturity
                                    Date
Business Day Count/Convention:      Actual/365     (Fixed)     and
                                    Following Business Day
Books Close:                        Each 14 February, 14 May,
                                    14 August and 14 November of
                                    each    year,     until    the
                                    applicable Interest Payment
                                    Date
Last day to register:               17h00    on    13    February,
                                    13 May,     13   August    and
                                    13 November 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 14 January 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: 14-01-2020 10:30:00
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