| Fri 18 Sep 2020, 11:13 | | New Financial Instrument Listing Announcement - “CLN713” |
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New Financial Instrument Listing Announcement - “CLN713”
The Standard Bank of South Africa Limited
New Financial Instrument Listing Announcement - “CLN713”
Stock Code: CLN713
ISIN Code: ZAG000171133
The JSE Limited has granted a listing to The Standard Bank of
South Africa Limited – CLN713 Senior Unsecured Floating Rate
Credit Linked Notes due 12 February 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) ZAR49,530,797,040.93
Full Note details are as follows:
Issue Date: 21 September 2020
Nominal Issued: ZAR45,000,000
Coupon Rate: Three-month ZAR-JIBAR-SAFEX
plus 1.20%, as per Pricing
Supplement
Coupon Indicator: Floating
Interest Determination Dates: Each 12 February, 12 May, 12
August and 12 November of
each year until the Maturity
Date, with the first
Interest Rate Determination
Date being the Interest
Commencement Date
Trade Type: Price
Issue Price: 100%
Maturity Date: 12 February 2025
Interest Commencement Date: 21 September 2020
First Interest Payment Date: 12 November 2020
Interest Payment Dates: Each 12 February, 12 May, 12
August and 12 November of
each year until the Maturity
Date
Business Day Convention: Following Business Day
Books Close: Each 07 February, 07 May, 07
August and 07 November until
the applicable Interest
Payment Date
Last day to register: 17h00 on 06 February, 06
May, 06 August and
06 November 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 September 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: 18-09-2020 11:13:00
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