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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 announced that The Standard Bank of South Africa Limited has listed a new financial instrument, SBEN50, on the JSE. This instrument is part of the issuer's Structured Note Programme, which was established on December 20, 2024. The new listing is a significant development for the company, which aims to raise funds through this innovative financial product. The notes, issued under the Programme, will be traded on the JSE and are expected to provide investors with a unique investment opportunity.

Key Takeaways:

  • The Standard Bank of South Africa Limited has listed a new financial instrument, SBEN50, on the Johannesburg Stock Exchange.
  • The instrument is part of the issuer's Structured Note Programme, established on December 20, 2024.
  • The Programme has an authorized size of ZAR 150,000,000,000.
  • The total notes issued under the Programme, including the current issue, amount to ZAR 111,819,212,951.70.
  • The new listing is expected to raise funds for the company through the trading of the notes on the JSE.
  • The notes will be physically settled by delivery of ETFs (specified in the Pricing Supplement) to holders on the Maturity/Delivery Date.
  • The Listing Announcement was made on May 14, 2025.

Statistics:

  • Authorized Programme size: ZAR 150,000,000,000.
  • Total notes issued (including current issue): ZAR 111,819,212,951.70.
  • Issue Date: May 15, 2025.
  • Nominal Issued: ZAR 100,000,000.
  • Issue Price: 100%.
  • Number of Notes: 100,000.
  • Trade Date: May 7, 2025.
  • Current Listing Price: Not specified.

Sources:

  • The Standard Bank of South Africa Limited New Financial Instrument Listing Announcement - "SBEN50".
  • The JSE Limited has granted a listing to The Standard Bank of South Africa Limited - SBEN50 Equity Share Listed Notes due 12 May 2027.
  • [Source 1: The Standard Bank of South Africa Limited - SBEN50 Equity Share Listed Notes due 12 May 2027]
  • [Source 2: The JSE Limited]

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