Sign in Subscribe
Banks (Finance)

Johannesburg Stock Exchange Grants Listing to Standard Bank's Equity Index Linked Notes

Strategic Insights

— 2 min read

The Johannesburg Stock Exchange has granted a listing to The Standard Bank of South Africa Limited for its latest issuance, the SBEN66 Equity Index Linked Notes, a part of the bank's Structured Note Programme. This financial instrument has been structured with a redemption basis linked to an equity index and has been priced at 100,000 ZA cents per note. The total notes issued under this Programme amount to approximately 118.42 billion Rand, with a nominal value of 175 million Rand.

Key Takeaways:

  • The Standard Bank of South Africa Limited has been granted a listing for its SBEN66 Equity Index Linked Notes by the Johannesburg Stock Exchange.
  • The notes are part of the bank's Structured Note Programme, which was formalized on December 20, 2024, with an authorized size of 150.00 billion South African Rand.
  • The total notes issued under this Programme amount to approximately 118.42 billion Rand, with a nominal value of 175 million Rand.
  • The notes have a pricing of 100,000 ZA cents per note, with a total of 175,000 notes being issued.
  • The notes are structured with a redemption basis linked to an equity index, with the final determination of the index level scheduled for September 7, 2026.
  • The trading timeline for these notes is defined with specific dates, including the last day to trade set for September 8, 2026, and the maturity or delivery date on September 14, 2026.
  • The business day conventions adhere to the preceding business day.
  • The issuance represents a moderate move in the market category, according to information available from the Johannesburg Stock Exchange (JSE).
  • Investors are advised to consult the Pricing Supplement for comprehensive details concerning the specific terms and conditions of this issuance.

Statistics:

  • 118.42 billion Rand: The total notes issued under the Structured Note Programme.
  • 175 million Rand: The nominal value of the newly issued notes.
  • 100,000 ZA cents: The pricing per note for the newly issued notes.
  • 175,000: The total number of notes issued.
  • September 20, 2024: The date when the Structured Note Programme was formalized.
  • December 20, 2024: The date when the Structured Note Programme was formalized.
  • 150.00 billion South African Rand: The authorized size of the Structured Note Programme.
  • September 7, 2026: The date when the final determination of the index level is scheduled.
  • September 8, 2026: The last day to trade the notes.
  • September 9, 2026: The suspension date for the notes.
  • September 11, 2026: The record date for the notes.
  • September 14, 2026: The maturity or delivery date for the notes.
  • September 15, 2026: The de-listing date for the notes.

Sources:

  • Johannesburg Stock Exchange (JSE)
  • The Standard Bank of South Africa Limited
  • Johannesburg Stock Exchange (JSE) listing announcement
  • Standard Bank's Structured Note Programme
  • Pricing Supplement for the SBEN66 Equity Index Linked Notes.

Read more