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

The Standard Bank of South Africa Limited has listed its Senior Unsecured Mixed Rate Notes, SBC159, on the Johannesburg Stock Exchange (JSE). The notes, which were issued on May 29, 2025, have a total value of ZAR112,108,206,951.70 and are part of the bank's Structured Note Programme with an authorized size of ZAR150,000,000,000. The notes have a maturity date of February 28, 2035, and will have a coupon rate of 11.26% per annum payable semi-annually from February 28, 2030, until maturity.

Key Takeaways:

• The Standard Bank of South Africa Limited has listed its Senior Unsecured Mixed Rate Notes, SBC159, on the Johannesburg Stock Exchange (JSE).
• The notes were issued on May 29, 2025, with a total value of ZAR112,108,206,951.70 and a maturity date of February 28, 2035.
• The notes are part of the bank's Structured Note Programme with an authorized size of ZAR150,000,000,000.
• The coupon rate for the notes will be 3-month ZAR-JIBAR-SAFEX plus 2.00% quarterly from May 29, 2025, until February 28, 2030, and 11.26% per annum payable semi-annually from February 28, 2030, until maturity.
• The notes will be deposited in the Central Depository (CSD) and settlement will take place electronically in terms of JSE Rules.
• Investors should study the Pricing Supplement for full details of the specific terms and conditions applicable to this specific issuance.

Statistics:

• Total value of the noted issued: ZAR112,108,206,951.70 (May 29, 2025)
• Authorized programme size: ZAR150,000,000,000
• Maturity date: February 28, 2035
• Coupon rate:

+ From May 29, 2025, to February 28, 2030: 3-month ZAR-JIBAR-SAFEX plus 2.00% quarterly

+ From February 28, 2030, to February 28, 2035: 11.26% per annum payable semi-annually

Sources:

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