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Banks (Finance)

Johannesburg Stock Exchange Approves Listing of SBEN65 Equity Index Linked Notes

Strategic Insights

— 2 min read

The Johannesburg Stock Exchange (JSE) has approved the listing of SBEN65 Equity Index Linked Notes, issued by The Standard Bank of South Africa Limited. This is part of the bank's Structured Note Programme with an authorized size of ZAR150 billion. The total notes issued under the programme, including the current issuance, amount to ZAR118.42 billion. The SBEN65 Notes will be issued on 12 September 2025, with a nominal issuance of ZAR100 million, and will be electronically deposited and settled in the Central Securities Depository following the JSE Rules.

Key Takeaways:

  • The JSE has approved the listing of SBEN65 Equity Index Linked Notes, issued by The Standard Bank of South Africa Limited, as part of the bank's Structured Note Programme with an authorized size of ZAR150 billion.
  • The total notes issued under the programme, including the current issuance, amount to ZAR118.42 billion.
  • The SBEN65 Notes will be officially issued on 12 September 2025, with a nominal issuance of ZAR100 million and a pricing of 100,000 ZA cents, totaling 100,000 notes.
  • Each note is structured with an Equity Index Linked Redemption Basis, and the final index level will be determined on 07 September 2026.
  • The last trading day for these notes is set for 08 September 2026, with trading suspended the following day.
  • The record date for the notes is 11 September 2026, and they will reach maturity on 14 September 2026.
  • The de-listing from the exchange will occur on 15 September 2026.
  • Investors are advised to review the Pricing Supplement for comprehensive terms and conditions related to this issuance.
  • This issuance is categorized as a Minor move within the designated market category.
  • The SBEN65 Notes are part of a broader program to standardize and expand structured note offerings in the South African market.

Statistics:

  • Authorized size of the Structured Note Programme: ZAR150 billion
  • Total notes issued under the programme, including the current issuance: ZAR118.42 billion
  • Nominal issuance of SBEN65 Notes: ZAR100 million
  • Priced at: 100,000 ZA cents (totaling 100,000 notes)
  • Redemption basis: Equity Index Linked Redemption
  • Final index level determination date: 07 September 2026
  • Last trading day for the notes: 08 September 2026
  • Trading suspension date: 09 September 2026
  • Record date for the notes: 11 September 2026
  • Maturity date: 14 September 2026
  • De-listing date: 15 September 2026

Sources:

  • Johannesburg Stock Exchange (JSE)
  • The Standard Bank of South Africa Limited
  • Johannesburg Stock Exchange (JSE) Listing Notice for SBEN65 Equity Index Linked Notes
  • The Standard Bank of South Africa Limited Structured Note Programme Document

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