Goldman Sachs International Expands Presence in South African Market with New Listing

Strategic Insights -

Goldman Sachs International, a renowned financial institution, has made a significant move in the South African market by announcing an additional listing under its Series P Programme on the Johannesburg Stock Exchange (JSE) Main Board. This new listing, effective May 13, 2025, involves the issuance of Warrants, Notes, and Certificates, increasing the nominal amount from ZAR50.00 million to ZAR120.00 million. The expansion solidifies Goldman Sachs' presence in the region and provides investors with more options for portfolio diversification.

Key Takeaways:

  • Goldman Sachs International has announced an additional listing under its Series P Programme on the JSE Main Board, effective May 13, 2025.
  • The new listing involves the issuance of Warrants, Notes, and Certificates, with a nominal amount of ZAR120.00 million, an increase from the original ZAR50.00 million.
  • The specific bond code for this listing is GS058C, with an International Securities Identification Number (ISIN) of ZAE000347118.
  • Each note issued under this listing is priced at ZAR1,000.00, and the share depositary receipts are linked to Novo Nordisk A/S.
  • Important dates for this listing include a declaration date of March 31, 2028, a last day to trade of April 18, 2028, and a settlement date of April 25, 2028.
  • The expansion of Goldman Sachs' listing provides investors with increased access to diverse financial products and aligns with broader market trends and demands.
  • This move highlights the financial institution's strategic interests and commitment to leveraging opportunities within the South African financial market.

Statistics:

  • Nominal amount of the new listing: ZAR120.00 million
  • Increase in nominal amount: ZAR70.00 million
  • Number of notes issued: Not explicitly stated
  • Average price per note: ZAR1,000.00
  • Total market value: Not explicitly stated
  • Time period for trading: March 31, 2028 to April 18, 2028

Sources:

  • Johannesburg Stock Exchange (JSE) notification
  • Goldman Sachs International announcement
  • Johannesburg Stock Exchange (JSE) press release
  • Bloomberg code NVO UN Equity
  • Reuters screen NVO.N
  • International Securities Identification Number (ISIN): ZAE000347118