Standard Bank of South Africa Limited Secures Listing on Johannesburg Stock Exchange

Strategic Insights -

The Standard Bank of South Africa Limited has solidified its position in the financial market by securing a listing on the Johannesburg Stock Exchange (JSE) for its RLN132 Index Linked Notes. This latest move represents a critical expansion of the bank's financial offerings, underscoring its commitment to market growth. The listing, effective from May 28, 2025, is part of the Structured Note Programme authorized at a size of ZAR150.00 billion.

Key Takeaways:

  • The RLN132 Index Linked Notes are issued under The Standard Bank of South Africa Limited's Structured Note Programme, with a nominal amount of ZAR4.85 million and a total of 4,854 notes priced at 100%.
  • The notes are structured to be physically settled through the delivery of specified Exchange-Traded Funds (ETFs) upon maturity on November 28, 2028.
  • The trading suspension for these notes is scheduled for November 16, 2028, with the record date set for November 20, 2028, and the de-listing occurring the day after maturity, on November 29, 2028.
  • The placement agent for this issuance is The Standard Bank of South Africa Limited, ensuring that the notes will be deposited in the Central Securities Depository.
  • Settlement will be conducted electronically in compliance with JSE Rules, adhering to the Preceding Business Day Convention.
  • This issuance marks a significant step for Standard Bank in its ongoing market activities within the designated financial category.
  • The RLN132 Index Linked Notes are part of the ZAR111.88 billion total new issuances under the Structured Note Programme, which is authorized at a size of ZAR150.00 billion.

Statistics:

  • Nominal amount of the latest issuance: ZAR4.85 million
  • Total number of notes: 4,854
  • Total notes issued under the latest issuance: 4,854
  • Authorized size of the Structured Note Programme: ZAR150.00 billion
  • Total new issuances under the Structured Note Programme: ZAR111.88 billion
  • Settlement date: November 28, 2028
  • Trading suspension date: November 16, 2028
  • Record date: November 20, 2028

Sources:

  • Johannesburg Stock Exchange
  • The Standard Bank of South Africa Limited Press Release