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Banks (Finance)

Standard Bank of South Africa Lists Senior Unsecured Commodity Linked Indexed Notes on Johannesburg Stock Exchange

Strategic Insights

— 1 min read

The Johannesburg Stock Exchange (JSE) has approved the listing of SBCN03 Senior Unsecured Commodity Linked Indexed Notes, issued by The Standard Bank of South Africa Limited. This issuance marks the latest development in the bank's Structured Note Programme, which has been authorized for a total size of ZAR150.00 billion. The notes, with a nominal value of ZAR25.20 million, were issued on May 15, 2025, and are set to mature on September 26, 2025. The issuance follows an indexed redemption basis with an issue price set at 100%.

Key Takeaways:

  • The Standard Bank of South Africa Limited has listed SBCN03 Senior Unsecured Commodity Linked Indexed Notes on the Johannesburg Stock Exchange (JSE), marking the latest development in its Structured Note Programme.
  • The authorized size of the Programme stands at ZAR150.00 billion, with total notes issued amounting to ZAR111.84 billion.
  • The notes have a nominal value of ZAR25.20 million and are set to mature on September 26, 2025.
  • The issuance follows an indexed redemption basis with an issue price set at 100%.
  • The business day convention applied is the Following Business Day Convention, and the books for this issuance will close on September 18, 2025.
  • The Standard Bank of South Africa Limited acts as the placement agent for this listing.
  • Investors are advised to consult the Pricing Supplement for comprehensive details on the specific terms and conditions of this note issuance.
  • The market category for this issuance is within the structured finance segment.

Statistics:

  • Total authorized size of the Structured Note Programme: ZAR150.00 billion
  • Total notes issued: ZAR111.84 billion
  • Nominal value of the Notes: ZAR25.20 million
  • Number of Notes: Estimated, as the exact number is not provided
  • Maturity Date: September 26, 2025
  • Issue Price: 100%
  • Business Day Convention: Following Business Day Convention

Sources:

  • Johannesburg Stock Exchange (JSE)
  • The Standard Bank of South Africa Limited
  • Pricing Supplement for SBCN03 Senior Unsecured Commodity Linked Indexed Notes

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