Standard Bank of South Africa Limited Lists RLN141 Equity Index Linked Notes on JSE

Strategic Insights -

Standard Bank of South Africa Limited has successfully listed its RLN141 Equity Index Linked Notes on the Johannesburg Stock Exchange (JSE). The notes, which are part of the bank's Structured Note Programme initiated in January 2021, are scheduled to mature in 2030. The Programme has an authorized size of ZAR120.00 billion, with the current issuance contributing to a total of ZAR114.06 billion in notes issued.

The RLN141 Equity Index Linked Notes have a nominal value of ZAR6.73 million, comprising 6,728 notes, and are linked to an equity index for redemption purposes. The issue price is set at 100%, and the notes will be delivered to investors through the Central Securities Depository. The settlement will occur electronically, in compliance with JSE Rules. Investors are advised to consult the Pricing Supplement for an exhaustive overview of the terms and conditions governing this specific note issuance.

Key Takeaways:

  • The Standard Bank of South Africa Limited has successfully listed its RLN141 Equity Index Linked Notes on the Johannesburg Stock Exchange (JSE).
  • The notes are part of the bank's Structured Note Programme, initiated in January 2021, with an authorized size of ZAR120.00 billion.
  • The current issuance has contributed to a total of ZAR114.06 billion in notes issued.
  • The RLN141 Equity Index Linked Notes have a nominal value of ZAR6.73 million, comprising 6,728 notes.
  • The notes are linked to an equity index for redemption purposes and have an issue price of 100%.
  • The settlement will occur electronically, in compliance with JSE Rules.
  • The business day convention applicable to this issuance is the Preceding Business Day.

Statistics:

  • Authorized size of the Structured Note Programme: ZAR120.00 billion
  • Total notes issued: ZAR114.06 billion
  • Nominal value of the RLN141 Equity Index Linked Notes: ZAR6.73 million
  • Number of notes: 6,728
  • Issue price: 100%
  • Business day convention: Preceding Business Day
  • Maturity date: June 26, 2030
  • Last date to trade and suspension of trading: July 10, 2030
  • Record date: July 15, 2030
  • Maturity and delivery date: July 23, 2030
  • De-listing date: July 24, 2030

Sources:

  • The JSE Limited [as mentioned on the Johannesburg Stock Exchange]
  • The Standard Bank of South Africa Limited [as mentioned on the Johannesburg Stock Exchange]