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Banks (Finance)

Standard Bank of South Africa Limited Lists RLN129 Index Linked Notes on Johannesburg Stock Exchange

Strategic Insights

— 1 min read

The Johannesburg Stock Exchange has granted a listing to The Standard Bank of South Africa Limited for its RLN129 Index Linked Notes, part of the bank's Structured Note Programme. The programme, with total notes issued amounting to ZAR111.88 billion, includes the current issuance of ZAR14.80 million in notes. The RLN129 Index Linked Notes, numbering 14,802, will be physically settled as Index Linked Notes upon maturity.

Key Takeaways:

  • The Standard Bank of South Africa Limited's RLN129 Index Linked Notes have been listed on the Johannesburg Stock Exchange under the bank's Structured Note Programme.
  • The programme documentation was dated December 20, 2024, and is available on the bank's website.
  • The authorised size for the programme is ZAR150.00 billion.
  • The current issuance involves a nominal amount of ZAR14.80 million, with an issue price set at 100 percent.
  • The notes will be physically settled as Index Linked Notes upon maturity.
  • The issue date for the notes is scheduled for May 28, 2025.
  • The last date to trade is slated for November 15, 2028, with trading suspension expected on November 16, 2028.
  • The maturity or delivery date is projected for November 28, 2028, coinciding with the delivery date of Exchange-Traded Funds (ETFs) to the holders.
  • The de-listing of the notes is anticipated for November 29, 2028.
  • Settlement of the notes will occur electronically in accordance with JSE Rules and will be deposited in the Central Securities Depository.

Statistics:

  • Authorised size for the programme: ZAR150.00 billion.
  • Total notes issued: ZAR111.88 billion.
  • Nominal amount of ZAR14.80 million in current issuance.
  • Number of notes issued: 14,802.
  • Issue date: May 28, 2025.
  • Last date to trade: November 15, 2028.
  • Trading suspension date: November 16, 2028.
  • Maturity or delivery date: November 28, 2028.
  • De-listing date: November 29, 2028.

Sources:

  • The Johannesburg Stock Exchange, May 27, 2025.
  • The Standard Bank of South Africa Limited, Structured Note Programme, December 20, 2024.

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