Standard Bank of South Africa Limited Lists Senior Unsecured Floating Rate Note on JSE

Strategic Insights -

The Standard Bank of South Africa Limited has successfully listed its SBSZ01 Senior Unsecured Floating Rate Note on the Johannesburg Stock Exchange (JSE) with effect from 8 July 2025. The listing is part of the company's Domestic Medium-Term Note Program, offering investors a unique opportunity to participate in the South African debt market.

Key Takeaways:

  • The Standard Bank of South Africa Limited has issued a new Senior Unsecured Floating Rate Note, SBSZ01, on the JSE's Interest Rate Market.
  • The bond has a nominal issued amount of R 656,000,000.00 and an issue price of 100%.
  • The coupon rate is compounded daily and calculated based on the ZARONIA rate plus 102 basis points.
  • The bond has a maturity date of 26 May 2028, with interest payment dates on 26 February, 26 May, 26 August, and 26 November annually.
  • The bond is classified as Senior Unsecured and is part of the company's Domestic Medium-Term Note Program.
  • Further details on the bond's terms and conditions are available on the issuer's website, www.standardbank.co.za.
  • The Johannesburg Debt Sponsor for the issue is The Standard Bank of South Africa Limited.

Statistics:

  • Nominal issued amount: R 656,000,000.00
  • Issue price: 100%
  • Coupon rate: ZARONIA plus 102 basis points
  • Interest payment dates: 26 February, 26 May, 26 August, and 26 November annually
  • Maturity date: 26 May 2028
  • Bond type: Senior Unsecured Floating Rate Note
  • Program: Domestic Medium-Term Note Program
  • Sponsor: The Standard Bank of South Africa Limited

Sources:

  • Footnote: The Johannesburg Stock Exchange announcement dated 2025.