Standard Bank of South Africa Secures Listing on Johannesburg Stock Exchange

Strategic Insights -

The Standard Bank of South Africa Limited has successfully secured a listing on the Johannesburg Stock Exchange for its SBC200 Senior Unsecured Floating Rate Credit Linked Notes. This listing falls under the bank's Structured Note Programme, with an authorized programme size of 150.00 billion rand. The notes, valued at 500 million rand, will mature on January 31, 2040, and offer a floating coupon rate. Investors can review the Pricing Supplement for comprehensive details on the specific terms and conditions of this issuance.

Key Takeaways:

  • The Standard Bank of South Africa Limited has secured a listing on the Johannesburg Stock Exchange for its SBC200 Senior Unsecured Floating Rate Credit Linked Notes.
  • The listing falls under the bank's Structured Note Programme, with an authorized programme size of 150.00 billion rand.
  • The total value of notes issued, including the current issue, stands at 117.99 billion rand.
  • The notes, valued at 500 million rand, will mature on January 31, 2040.
  • The coupon rate for the notes is structured as a floating rate, determined by the three-month ZAR-JIBAR-SAFEX plus an incremental percentage over different periods until maturity.
  • The interest payment dates are set at the end of January, April, July, and October each year, starting from October 31, 2025.
  • The Standard Bank of South Africa Limited acts as the placement agent, and the notes will be deposited in the Central Depository for electronic settlement, adhering to the JSE Rules.
  • Investors are advised to review the Pricing Supplement for comprehensive details on the specific terms and conditions of this issuance.
  • The bank's Structured Note Programme aims to provide investors with a range of credit-linked note products, including senior unsecured and subordinated notes.

Statistics:

  • 150.00 billion rand: Authorized programme size of the Structured Note Programme.
  • 117.99 billion rand: Total value of notes issued, including the current issue.
  • 500 million rand: Value of the current note issue.
  • January 31, 2040: Maturity date for the credit linked notes.
  • 3-month ZAR-JIBAR-SAFEX: Floating rate component of the coupon rate.
  • 4 times a year: Frequency of interest payment dates.

Sources:

  • Standard Bank of South Africa Limited press release: accessed via Johannesburg Stock Exchange (JSE)
  • Johannesburg Stock Exchange (JSE) rules: accessed via JSE website
  • Standard Bank of South Africa Limited website: accessed via their corporate website