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Economic development

Johannesburg Stock Exchange Lists Sustainable Notes for Industrial Development Corporation of South Africa Limited

Strategic Insights

— 1 min read

The Johannesburg Stock Exchange (JSE) has granted a listing of sustainable notes under the Industrial Development Corporation of South Africa Limited's (IDC) Domestic Medium Term Note Programme. The IDC has issued two new financial instruments, IDCS06 and IDCS07, with a total nominal value of R 33,241,000,000.00. These sustainable notes are designed to promote environmental and social responsibility and will be listed on the Interest Rate Market.

The JSE has approved the listing of the IDC's sustainable notes, which will be traded on the Interest Rate Market. The IDC's Domestic Medium Term Note Programme has a total authorized programme size of R 50,000,000,000.00.

Key Takeaways:

  • The IDC has issued two new sustainable notes, IDCS06 and IDCS07, with a total nominal value of R 33,241,000,000.00.
  • The IDC's Domestic Medium Term Note Programme has a total authorized programme size of R 50,000,000,000.00.
  • The JSE has granted a listing of the sustainable notes under the IDC's programme, promoting environmental and social responsibility.
  • The sustainable notes will be listed on the Interest Rate Market and will have a floating rate coupon linked to 3-month JIBAR plus a spread of 185bps for IDCS06 and 200bps for IDCS07.
  • The IDC has engaged The Standard Bank of South Africa Limited as the debt sponsor for the issuance of the sustainable notes.
  • The notes will have quarterly interest payments and will be redeemed on 23 June 2030 (IDCS06) and 23 June 2032 (IDCS07).

Statistics:

  • Total nominal value of sustainable notes: R 33,241,000,000.00.
  • Total authorized programme size: R 50,000,000,000.00.
  • Number of annual interest payments: 8 (IDCS06) and 8 (IDCS07).
  • First interest payment date: 23 September 2025.
  • Final redemption date: 23 June 2030 (IDCS06) and 23 June 2032 (IDCS07).

Sources:

  • Johannesburg Stock Exchange press release, 20 June 2025.
  • Industrial Development Corporation of South Africa Limited press release, 23 June 2025.
  • Johannesburg Stock Exchange listing announcement, 20 June 2025.

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