Standard Bank of South Africa Limited Lists Senior Unsecured Mixed Rate Notes on the Johannesburg Stock Exchange

Strategic Insights -

The Standard Bank of South Africa Limited has listed its Senior Unsecured Mixed Rate Notes, SBC172, on the Johannesburg Stock Exchange (JSE). The notes, which were issued under the company's Structured Note Programme, have a total value of ZAR113,616,714,251.70. The notes have a nominal value of ZAR25,000,000 and carry a coupon rate of 2.00% plus 3-month ZAR-JIBAR-SAFEX, or a fixed rate of 9.73% per annum, depending on the interest period.

Key Takeaways:

  • The Standard Bank of South Africa Limited has listed its Senior Unsecured Mixed Rate Notes, SBC172, on the Johannesburg Stock Exchange (JSE).
  • The notes have a total value of ZAR113,616,714,251.70, with a nominal value of ZAR25,000,000.
  • The coupon rate is 2.00% plus 3-month ZAR-JIBAR-SAFEX for the first 10 years, after which it becomes a fixed rate of 9.73% per annum.
  • The notes have been deposited in the Central Depository and will be settled electronically in accordance with JSE Rules.
  • Investors should refer to the Pricing Supplement for full details of the specific terms and conditions applicable to this specific issuance.

Johann Erasmus, Sponsor at Standard Bank of South Africa Limited, is available for further information on the notes issued. Investors can contact Johann at johann.erasmus@standardbank.co.za.

Statistics:

  • Total value of notes: ZAR113,616,714,251.70
  • Nominal value: ZAR25,000,000
  • Coupon rate (first 10 years): 2.00% plus 3-month ZAR-JIBAR-SAFEX
  • Coupon rate (after 10 years): 9.73% per annum
  • Maturity date: 28 February 2035
  • Interest commencement date: 17 July 2025
  • First interest payment date: 31 August 2025

Sources:

  • Johannesburg Stock Exchange - Company Announcement (no date) - "The Standard Bank of South Africa Limited New Financial Instrument Listing Announcement - 'SBC172'" - found at [www.jse.co.za/investorcentre/companyannouncements](http://www.jse.co.za/investorcentre/companyannouncements)
  • Pricing Supplement (no date) - The Standard Bank of South Africa Limited - SBC172 Senior Unsecured Mixed Rate Notes