Johannesburg Stock Exchange Lists Standard Bank's SBEN51 Equity Index Linked Notes

Strategic Insights -

The Johannesburg Stock Exchange (JSE) has granted a listing to The Standard Bank of South Africa Limited for its SBEN51 Equity Index Linked Notes, as part of the bank's Structured Note Programme. This addition brings the total notes issued under the Programme to ZAR111.82 billion, with a nominal value of ZAR225.00 million and 225,000 units. The notes are priced at 100% and are linked to an equity index on a redemption basis.

Key Takeaways:

  • The Standard Bank of South Africa Limited has listed its SBEN51 Equity Index Linked Notes on the Johannesburg Stock Exchange (JSE) through its Structured Note Programme.
  • The Programme has a total authorized size of ZAR150.00 billion and has issued notes totaling ZAR111.82 billion.
  • The newly issued notes have a nominal value of ZAR225.00 million and consist of 225,000 units.
  • The notes are priced at 100% and are linked to an equity index on a redemption basis.
  • The trade date is May 7, 2025, with a declaration date of January 20, 2026, subject to business day adjustments.
  • The notes will be physically settled through the delivery of specified ETFs to note holders on the maturity date of February 12, 2026.

Statistics:

  • Total notes issued under the Programme: 111,820,000,000 ZAR
  • Nominal value of newly issued notes: 225,000,000 ZAR
  • Number of units: 225,000
  • Authorized size for the Programme: 150,000,000,000 ZAR
  • Issue date: May 15, 2025
  • Trade date: May 7, 2025
  • Declaration date: January 20, 2026
  • Last date to trade: February 3, 2026
  • Maturity date: February 12, 2026
  • Delivery date: February 12, 2026

Sources:

  • Johannesburg Stock Exchange (JSE), listing information for The Standard Bank of South Africa Limited SBEN51 Equity Index Linked Notes
  • The Standard Bank of South Africa Limited, Structured Note Programme documentation, dated December 20, 2024
  • Johannesburg Stock Exchange (JSE) website, Programme details for The Standard Bank of South Africa Limited