Standard Bank of South Africa Limited Announces Interest Payments for Selected Debt Instruments

Strategic Insights -

The Standard Bank of South Africa Limited has notified stakeholders of upcoming interest payments for a selection of its debt instruments, with all payments scheduled for April 30, 2025. This notification comes in accordance with the Johannesburg Stock Exchange (JSE) listings requirements, providing clarity on the interest amounts applicable to various instrument codes. The bank has announced interest payments for 17 debt instruments, with interest rates ranging from 8.37% to 10.773%. These payments will total R140.96 million, with CLN804 paying the highest amount at R47.00 million.

Key Takeaways:

  • The Standard Bank of South Africa Limited has announced interest payments for 17 debt instruments, with all payments due on April 30, 2025.
  • The interest payments total R140.96 million, with the highest payment going to CLN804 at R47.00 million.
  • The interest rates for the debt instruments range from 8.37% to 10.773%.
  • The bank's interest payments are scheduled in accordance with the Johannesburg Stock Exchange (JSE) listings requirements.
  • The notifications provide clarity on the interest amounts applicable to various instrument codes.
  • Notable instrument payments include CLN774 at 10.773% with R7.83 million, CLN779 at 9.558% with R0.35 million, and CLN780 at 9.608% with R0.56 million.
  • CLN788 and CLN789 will pay R1.29 million and R20.60 million, respectively, at an interest rate of 10.558%.
  • CLN790 and CLN791 stand at interest rates of 9.32% and 9.39%, resulting in R0.57 million and R12.59 million.
  • CLN794 will distribute R1.18 million at 9.21%, while CLN795 at 9.28% accounts for R0.68 million.
  • Additional disclosures indicate that CLN797, CLN798, CLN799, and CLN800 will respectively distribute R1.09 million, R1.35 million, R0.52 million, and R0.52 million with interest rates spanning from 8.94% to 10.608%.

Statistics:

  • Total interest payments: R140.96 million
  • Highest payment: R47.00 million (CLN804)
  • Lowest payment: R0.29 million (CLN783)
  • Average payment: R8.26 million
  • Range of interest rates: 8.37% - 10.773%

Sources:

  • Johannesburg Stock Exchange (JSE)
  • Standard Bank of South Africa Limited