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Banks (Finance)

Standard Bank of South Africa Limited Lists New Financial Instrument on the Johannesburg Stock Exchange

Strategic Insights

— 1 min read

The Johannesburg Stock Exchange has granted a listing to The Standard Bank of South Africa Limited's newly issued financial instrument, SBEN51, a South African rand-denominated equity index-linked note. The note, with an authorized program size of ZAR 150 billion, has issued a total of ZAR 111.819 billion as of its listing. This new financial instrument is part of the Standard Bank of South Africa Limited's Structured Note Programme, which was first established on December 20, 2024.

Key Takeaways:

  • The Standard Bank of South Africa Limited has listed a new financial instrument, SBEN51, on the Johannesburg Stock Exchange, with an authorized program size of ZAR 150 billion.
  • The note is a South African rand-denominated equity index-linked note, with a total of ZAR 111.819 billion issued as of its listing.
  • SBEN51 is part of the Standard Bank of South Africa Limited's Structured Note Programme, which was first established on December 20, 2024.
  • The note's full details, including issue date, redemption basis, issue price, number of notes, and trade date, are as follows: Issue Date - May 15, 2025, Nominal Issued - ZAR 225 million, Redemption Basis - Equity Index Linked, Issue Price - 100%, Number of Notes - 225,000, Trade Date - May 7, 2025.
  • The note's declaration date is January 20, 2026, last date to trade is February 3, 2026, suspension date is February 4, 2026, record date is February 6, 2026, and maturity/delivery date is February 12, 2026.
  • The notes will be physically settled by delivery of ETFs (specified in the Pricing Supplement) to holders of the notes on the maturity/delivery date.
  • Investors must read the Pricing Supplement for full details of the specific terms and conditions applicable to this specific note issuance.
  • The notes will be deposited in the Central Securities Depository (CSD) and settlement will take place electronically in terms of JSE Rules.

Statistics:

  • Authorized program size: ZAR 150 billion
  • Total notes issued: ZAR 111.819 billion
  • Number of notes: 225,000
  • Issue date: May 15, 2025
  • Trade date: May 7, 2025
  • Declaration date: January 20, 2026
  • Last date to trade: February 3, 2026
  • Suspension date: February 4, 2026
  • Record date: February 6, 2026
  • Maturity/delivery date: February 12, 2026

Sources:

  • The Standard Bank of South Africa Limited - New Financial Instrument Listing Announcement - "SBEN51" Stock Code: SBEN51 ISIN Code: ZAE000347639
  • The JSE Limited - Structured Note Programme - dated December 20, 2024
  • The Standard Bank of South Africa Limited - Pricing Supplement

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