Stock offerings

Johannesburg Stock Exchange Lists New Financial Instrument

Strategic Insights

Aug 18, 2025 — 1 min read

The Johannesburg Stock Exchange (JSE) has announced the listing of a new financial instrument, Thekwini Warehousing Conduit 509 (TWC509), under the authorized program size of ZAR 6,000,000,000. Total notes issued, including this new issue, amount to ZAR 2,860,000,000. The notes have a designation of TWC509, with a nominal issued value of ZAR 260,580,000. The issue price is 7,407% (3m Jibar as at 18 August 2025 plus a margin of 39bps), and the coupon indicator is fixed.

Key Takeaways:

The new financial instrument, TWC509, is listed under the authorized program size of ZAR 6,000,000,000.
Total notes issued, including this new issue, amount to ZAR 2,860,000,000.
The notes have a designation of TWC509, with a nominal issued value of ZAR 260,580,000.
The issue price is 7,407% (3m Jibar as at 18 August 2025 plus a margin of 39bps).
The coupon indicator is fixed.
The maturity date is 18 November 2025, with interest payment dates on the same day.
Books close on 12 November 2025, and the last day to register is 17:00 on 11 November 2025.
The interest commencement date is 19 August 2025, with a settlement date on the same day.
The notes are rated P-1.za by Moody's Investors Services and have a guarantee/credit enhancement placement agent.
The Standard Bank of South Africa Limited is the sponsor and placement agent.
For further information, please contact The Standard Bank of South Africa Limited acting through its Corporate and Investment Banking division.

Statistics:

Authorization program size: ZAR 6,000,000,000
Total notes issued: ZAR 2,860,000,000
Nominal issued value: ZAR 260,580,000
Issue price: 7,407% (3m Jibar as at 18 August 2025 plus a margin of 39bps)
Maturity date: 18 November 2025
Interest payment dates: 18 November 2025
Books close: 12 November 2025
Last day to register: 17:00 on 11 November 2025
Interest commencement date: 19 August 2025
Settlement date: 19 August 2025

Sources:

Johannesburg Stock Exchange (2025, August 18). Company Announcement: Stock Codes: TWC509 ISIN Code: ZAG000218249.

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