Standard Bank of South Africa Limited Lists New Equity Index Linked Notes on the JSE

The JSE Limited has approved a new listing from The Standard Bank of South Africa Limited, introducing RLN142 Equity Index Linked Notes under its Structured Note Programme. This listing is part of the bank's ongoing financial initiatives, which have reached a total authorized size of ZAR150.00 billion, with the current issuance bringing the total to approximately ZAR114.06 billion. The newly issued notes will commence trading on 23 July 2025 and are structured to mature on 23 July 2030, with a redemption basis linked to an equity index.

Key Takeaways:

The Standard Bank of South Africa Limited has introduced RLN142 Equity Index Linked Notes under its Structured Note Programme.
The total authorized size of the programme stands at ZAR150.00 billion, with the current issuance bringing the total to approximately ZAR114.06 billion.
The newly issued notes have a nominal value of ZAR 17.56 million, with 17,563 individual notes priced at 100 percent.
The notes are structured to mature on 23 July 2030, with a redemption basis linked to an equity index.
The notes will be physically settled via the delivery of specified ETFs upon maturity.
The last date to trade these notes is set for 10 July 2030, with subsequent suspension of trading on the same day.
The Standard Bank of South Africa Limited acts as the placement agent for this financial instrument, ensuring compliance with all regulatory requirements.

Statistics:

Total authorized size of the programme: ZAR150.00 billion
Current issuance value: approximately ZAR114.06 billion
Nominal value of the newly issued notes: ZAR 17.56 million
Number of individual notes: 17,563
Number of shares per note: 1 corporate bond, 1 certificate of deposit, and an underlying security linked to the JSE Equity Index.
Maturity date: 23 July 2030
Redemption basis: linked to an equity index

Sources:

The JSE Limited
The Standard Bank of South Africa Limited
Johannesburg Stock Exchange (JSE)