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Banks (Finance)

Standard Bank of South Africa Lists New Equity Index Linked Notes on Johannesburg Stock Exchange

Strategic Insights

— 2 min read

The Standard Bank of South Africa Limited has announced a new listing on the Johannesburg Stock Exchange (JSE) of its RLN139 Equity Index Linked Notes, under its Structured Note Programme. This issuance is expected to expand the bank's offerings in the equity-linked securities market, leveraging the Programme's authorized size of ZAR150.00 billion. The total notes issued, including the current release, amount to ZAR113.99 billion. The new listing follows the Programme's initial listing date of January 26, 2021.

Key Takeaways:

  • The Standard Bank of South Africa Limited has listed its RLN139 Equity Index Linked Notes on the Johannesburg Stock Exchange (JSE) as part of its Structured Note Programme.
  • The Programme's authorized size is ZAR150.00 billion, with a total of ZAR113.99 billion in notes issued to date, including the current release.
  • The new listing has a nominal value of ZAR138.38 million and is structured to be redeemed on an equity index basis.
  • The notes will be traded in a batch of 138,384 with a declaration date of December 28, 2028.
  • Trading will end on January 12, 2029, which is also the suspension date, coinciding with the final index level determination.
  • The record date is set for January 17, 2029, with maturity and delivery on January 18, 2029, and de-listing on January 19, 2029.
  • The placement agent for this issuance is The Standard Bank of South Africa Limited, which will oversee the physical settlement by delivery of Exchange-Traded Funds (ETFs) on the maturity date.
  • The notes will be de-listed on January 19, 2029, after trading closes on January 12, 2029.

Statistics:

  • The authorized size of the Structured Note Programme is ZAR150.00 billion.
  • The total notes issued, including the current release, amount to ZAR113.99 billion.
  • The new listing has a nominal value of ZAR138.38 million.
  • The notes will be traded in a batch of 138,384.
  • The issue date for these notes is set for July 21, 2025.
  • The issue price of the notes is 100% at the time of listing.
  • Trading in the notes will continue until January 12, 2029.
  • The suspension date and final index level determination coincide, ending trading on January 12, 2029.
  • The record date is January 17, 2029.

Sources:

  • Johannesburg Stock Exchange (JSE)
  • The Standard Bank of South Africa Limited
  • Structured Note Programme initial listing date: January 26, 2021
  • Programme authorized size: ZAR150.00 billion
  • Total notes issued to date: ZAR113.99 billion
  • New listing nominal value: ZAR138.38 million
  • Issue date: July 21, 2025
  • Issue price: 100%
  • Trade and suspension dates: January 12, 2029
  • Record date: January 17, 2029

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