Standard Bank of South Africa Limited Lists SBEN50 Equity Share Listed Notes on Johannesburg Stock Exchange

Strategic Insights -

The Standard Bank of South Africa Limited has successfully listed its SBEN50 Equity Share Listed Notes on the Johannesburg Stock Exchange, expanding its Structured Note Programme. The programme, which was established on December 20, 2024, has an authorized size of ZAR150.00 billion, with a total value of ZAR111.82 billion in issued notes. This new issuance aims to further diversify the bank's offerings and provide investors with a range of investment opportunities.

Key Takeaways:

  • The Standard Bank of South Africa Limited has listed its SBEN50 Equity Share Listed Notes on the Johannesburg Stock Exchange, marking an expansion of its Structured Note Programme.
  • The programme, established on December 20, 2024, has an authorized size of ZAR150.00 billion and a total value of ZAR111.82 billion in issued notes.
  • The new issuance has a nominal issued value of ZAR100.00 million and was officially issued on May 15, 2025, with an issue price of 100% and 100,000 individual notes.
  • The key dates for the issuance include a trade date of May 7, 2025, and a declaration date scheduled for April 16, 2027, with the last date to trade the notes set for May 3, 2027.
  • The record date is May 6, 2027, and the maturity or delivery date is set for May 12, 2027, with the notes to be de-listed on May 13, 2027.
  • The Central Securities Depository will handle the electronic settlement in accordance with JSE rules, and the placement agent for these notes is The Standard Bank of South Africa Limited.

Statistics:

  • Authorized size of the programme: ZAR150.00 billion
  • Total value of issued notes: ZAR111.82 billion
  • Nominal issued value of the new issuance: ZAR100.00 million
  • Issue price: 100%
  • Number of individual notes: 100,000
  • Trade date: May 7, 2025
  • Declaration date: April 16, 2027
  • Last date to trade the notes: May 3, 2027
  • Record date: May 6, 2027
  • Maturity or delivery date: May 12, 2027

Sources:

  • Johannesburg Stock Exchange, "Listings Announcement"
  • The Standard Bank of South Africa Limited, "Pricing Supplement for SBEN50 Equity Share Listed Notes"