Sign in Subscribe
Banks (Finance)

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

Strategic Insights

— 1 min read

The Johannesburg Stock Exchange has granted a listing to The Standard Bank of South Africa Limited's Senior Unsecured Mixed Rate Notes due 31 January 2040. The notes have a total value of ZAR118,751,247,461.59 and were issued under the bank's Structured Note Programme. The Standard Bank of South Africa Limited is the sponsor and placement agent for the notes, which have a maturity date of 31 January 2040.

Key Takeaways:

  • The Standard Bank of South Africa Limited has listed Senior Unsecured Mixed Rate Notes with a total value of ZAR118,751,247,461.59 on the Johannesburg Stock Exchange.
  • The notes have a maturity date of 31 January 2040 and were issued under the bank's Structured Note Programme.
  • The Standard Bank of South Africa Limited is the sponsor and placement agent for the notes, which were listed on 20 August 2025.
  • The notes have a complex coupon structure, with a three-month ZAR-JIBAR-SAFEX plus 3.50% quarterly rate for the first 31 July 2030 and a fixed 10.17% per annum rate for the remainder of the term.
  • The notes will be settled electronically in terms of JSE Rules and will be deposited in the Central Depository ("CSD").
  • Investors should study the Pricing Supplement for full details of the specific terms and conditions applicable to this specific issuance.

Statistics:

  • Total value of notes issued: ZAR118,751,247,461.59
  • Maturity date: 31 January 2040
  • Interest Commencement Date: 20 August 2025
  • First Interest Payment Date: 31 October 2025
  • Coupon rate:

+ For the first 31 July 2030: three-month ZAR-JIBAR-SAFEX plus 3.50% quarterly

+ From 31 July 2030 to 31 January 2040: fixed 10.17% per annum

  • Books Close: The Books Closed Period will be from each 26 January, 25 April, 26 July and 26 October, until the applicable Interest Payment Date.

Sources:

  • Johannesburg Stock Exchange
  • The Standard Bank of South Africa Limited
  • Pricing Supplement
  • JSE Rules
  • ZAG000218421
  • South Africa Limited Debt Security subject to guarantee; security or credit enhancement: Not Applicable

Read more