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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 Standard Bank of South Africa Limited has successfully listed its new financial instrument, SBC170, on the Johannesburg Stock Exchange (JSE) as part of its Structured Note Programme. The SBC170 instrument is a fixed-rate listed note due on March 31, 2032, with a nominal issued amount of ZAR106,632,300 and a coupon rate of 8.25% per annum payable semi-annually in arrears. This listing marks another milestone in the bank's efforts to diversify its offerings and provide investors with new opportunities for growth.

Key Takeaways:

  • The Standard Bank of South Africa Limited has listed a new financial instrument, SBC170, on the Johannesburg Stock Exchange (JSE) as part of its Structured Note Programme.
  • The SBC170 instrument is a fixed-rate listed note due on March 31, 2032, with a nominal issued amount of ZAR106,632,300 and a coupon rate of 8.25% per annum payable semi-annually in arrears.
  • The instrument was issued on July 16, 2025, with an issue price of 93.780215%, and its interest commencement date is March 31, 2025.
  • The SBC170 will pay interest on March 31 and September 30 of each year until its maturity date, with the first interest payment date being September 30, 2025.
  • The instrument is subject to guarantee; security or credit enhancement, but this is not applicable in this case.
  • Investors are advised to study the Pricing Supplement for full details of the specific terms and conditions applicable to this specific issuance.
  • The Notes will be deposited in the Central Depository ("CSD") and settlement will take place electronically in terms of JSE Rules.

Statistics:

  • Total notes issued (including current issue): ZAR112,991,714,251.70.
  • Authorised Programme size: ZAR150,000,000,000.
  • Issue Date: July 16, 2025.
  • Nominal Issued: ZAR106,632,300.
  • Coupon Rate: 8.25% per annum.
  • Maturity Date: March 31, 2032.
  • Interest Commencement Date: March 31, 2025.
  • First Interest Payment Date: September 30, 2025.

Sources:

  • The Standard Bank of South Africa Limited New Financial Instrument Listing Announcement - "SBC170" Stock Code: SBC170
  • JSE Limited
  • Johann Erasmus, SBSA (Sponsor), Email: johann.erasmus@standardbank.co.za

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