Standard Bank of South Africa Lists SBEN60 Equity Index Linked Notes on Johannesburg Stock Exchange

Standard Bank of South Africa Limited has announced the listing of its SBEN60 Equity Index Linked Notes on the Johannesburg Stock Exchange (JSE), marking a significant milestone in the bank's Structured Note Programme. The issuance, part of a larger programme authorized up to ZAR150.00 billion, aims to provide investors with a unique investment opportunity tied to the performance of an equity index. The programme, established on December 20, 2024, has seen a total issuance of ZAR120.18 billion, with the latest notes valued at ZAR300 million.

Key Takeaways:

• The SBEN60 Equity Index Linked Notes are listed on the Johannesburg Stock Exchange (JSE) with a maturity date of August 26, 2030.
• The notes are part of Standard Bank of South Africa Limited's Structured Note Programme, authorized up to ZAR150.00 billion.
• The total notes issued under the programme amount to ZAR120.18 billion, with the latest issuance valued at ZAR300 million.
• Each note is priced at 100,000 ZA cents, resulting in a nominal issuance size of ZAR300 million.
• The notes are structurally tied to an equity index, with the final value determined by the index level on the Final Index Level Determination Date, set for August 19, 2030.
• Trading of the notes will be suspended on August 21, 2030, with de-listing scheduled for August 27, 2030.
• The issuance is facilitated through electronic settlement within the Central Securities Depository in line with JSE Rules.
• The designated market for this issuance is the equity index-linked sector.

Statistics:

• Total notes issued under the programme: ZAR120.18 billion
• Latest issuance value: ZAR300 million
• Numeric issuance size: 300,000 notes, priced at 100,000 ZA cents each
• Maturity date: August 26, 2030
• Final Index Level Determination Date: August 19, 2030

Sources:

• The Standard Bank of South Africa Limited, Johannesburg Stock Exchange (JSE)