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Products and services > Retail Notes > SBR003
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| Issuer: |
The Standard Bank of South Africa Limited ("SBSA") |
| Issuer Credit Rating: |
AA+ (zaf) |
| Status: |
Deposit (senior debt) |
| Maturity: |
5 years |
| Maturity Date: |
5 November 2013 |
| Interest: |
3-month JIBAR + 0. 30 % paid quarterly in arrears |
| Pricing at Issue: |
100% of par |
| Listing: |
JSE *(SBR003) AND BESA *(SBR003) |
| Market Making: |
Indicatively, SBSA will post a bid of 25 cents per R100 on the clean theoretical price (99.75 - 100.00) |
| Minimum deposit on primary offering: |
R10 000 (100 Notes of R100 each) |
| Minimum trading denomination: |
R100 |
- SBR003 has been issued for a term of five years and pays interest quarterly. The interest rate on the Retail Notes is a floating rate referenced to three-month JIBAR
- The Retail Notes are listed and tradeable on the JSE and, while issued for a five-year term, can be sold on the JSE including to Standard Bank at any time.
Why floating rate notes?
- The interest payable on the Retail Notes is a floating rate. Accordingly, the return on the Retail Notes will be reset every three months on each interest payment date and will be fixed for the interest period until the next interest payment date.
- Floating rate notes reduce interest rate risk.
To purchase or trade Retail Notes:
- contact your JSE broker; or
- open your own JSE broker account online with Online Share Trading; or
- contact the Online Share Trading Helpline on 0860 121 161.
To contact the issuer:
- Contact the Money Markets desk on +27 11 378 8202
For information contact
- Andrew Costa (+27 11 378 7008)
- Louis Dirker (+27 11 378 8103)
- Mark Kalil (+27 11 636 6964)
- Martine Schlosser (+27 11 378 7132)
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