Standard Bank of South Africa Limited Lists Senior Unsecured Floating Rate Notes

The Johannesburg Stock Exchange has granted a listing to The Standard Bank of South Africa Limited's Senior Unsecured Floating Rate Notes due 31 January 2037, under its Structured Note Programme. The issue date for the Notes is 21 August 2025, with a nominal amount of ZAR200,000,000. The Coupon Rate is three-month ZAR-JIBAR-SAFEX plus 2.03% quarterly, with the option to convert to fixed rate notes after 31 July 2030.

Key Takeaways:

• The Standard Bank of South Africa Limited has listed Senior Unsecured Floating Rate Notes due 31 January 2037 on the Johannesburg Stock Exchange.
• The issue date for the Notes is 21 August 2025, with a nominal amount of ZAR200,000,000.
• The Coupon Rate is three-month ZAR-JIBAR-SAFEX plus 2.03% quarterly, with the option to convert to fixed rate notes after 31 July 2030.
• The fixed rate will be 11.03% per annum payable quarterly in arrears from 31 July 2030 until the Maturity Date.
• The Notes will trade electronically through the Central Depository ("CSD") and settlement will take place in terms of JSE Rules.
• The Sponsor for the Notes is The Standard Bank of South Africa Limited, and contact information is provided for further information.

Statistics:

• Total notes issued (including current issue): ZAR118,476,347,461.59
• Authorized Programme size: ZAR150,000,000,000
• Issue Date: 21 August 2025
• Maturity Date: 31 January 2037
• Interest Commencement Date: 21 August 2025
• First Interest Payment Date: 31 October 2025
• Interest Payment Dates: January 31, April 30, July 31, October 31 of each year

Sources:

• The Johannesburg Stock Exchange
• The Standard Bank of South Africa Limited
• SBSA (Sponsor)
• Email: johann.erasmus@standardbank.co.za