Standard Bank of South Africa Lists SBEN56 Equity Index Linked Notes on Johannesburg Stock Exchange

Strategic Insights -

The Standard Bank of South Africa Limited has marked a significant milestone in its financial instrument offerings with the listing of its SBEN56 Equity Index Linked Notes on the Johannesburg Stock Exchange. The notes, sponsored under the bank's Structured Note Programme, are designed to be physically settled through the delivery of exchange-traded funds (ETFs) as specified in the pricing supplement to note holders on the maturity date. This development is part of the bank's ongoing effort to provide innovative financial solutions to its clients. The authorised programme size for the Structured Note Programme is set at ZAR150 billion, with a total of ZAR114.08 billion in notes issued to date, including this latest issuance.

Key Takeaways:

  • The Standard Bank of South Africa Limited has listed its SBEN56 Equity Index Linked Notes on the Johannesburg Stock Exchange, with a maturity date set for April 1, 2026.
  • The notes have a nominal value of ZAR100 million and are priced at 100% of their issue price, with 100,000 individual notes issued.
  • The issuance consists of Equity Index Linked Notes, which are designed to be physically settled through the delivery of exchange-traded funds (ETFs) as specified in the pricing supplement to note holders on the maturity date.
  • The notes will be suspended from trading on March 27, 2026, with a record date set for March 31, 2026, and the de-listing date scheduled for April 2, 2026.
  • The last date to trade these instruments will be March 26, 2026, adhering to the preceding business day convention.
  • Investors are encouraged to review the pricing supplement for comprehensive details on the terms and conditions specific to this note issuance.
  • The Standard Bank of South Africa Limited serves as the placement agent for this issuance and has played a crucial role in the facilitation of the financial instrument.

Statistics:

  • Total authorised programme size for the Structured Note Programme: ZAR150 billion
  • Total notes issued to date under the programme: ZAR114.08 billion
  • Number of individual notes issued: 100,000
  • Nominal value of each note: ZAR100 million
  • Priced issue value: 100% of issue price
  • Maturity date: April 1, 2026

Sources:

  • Johannesburg Stock Exchange (JSE)
  • The Standard Bank of South Africa Limited (Structured Note Programme dated December 20, 2024)