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 (JSE) for its SBC170 Fixed Rate Listed Notes. The notes, due to mature on March 31, 2032, are part of the Structured Note Programme, which has an authorized size of ZAR150.00 billion. The latest issuance of the notes has a nominal value of ZAR106.63 million and a fixed coupon rate of 8.25% per annum, payable semi-annually in arrears.

Key Takeaways:

  • The Standard Bank of South Africa Limited has secured a listing on the Johannesburg Stock Exchange (JSE) for its SBC170 Fixed Rate Listed Notes, as part of its Structured Note Programme with an authorized size of ZAR150.00 billion.
  • The latest issuance of the notes has a nominal value of ZAR106.63 million and a fixed coupon rate of 8.25% per annum.
  • The notes are priced at 93.780215% of their nominal value and will mature on March 31, 2032.
  • The interest on the notes will be payable semi-annually in arrears, and the settlement of these debt securities will occur electronically through the Central Depository.
  • The placement agent for the issuance is The Standard Bank of South Africa Limited, and the issuance is not subject to any guarantee or credit enhancement.
  • Investors can expect the first interest payment on September 30, 2025, with subsequent payments scheduled for March 31 and September 30 each year.

Statistics:

  • The total notes issued, including the current issue, amounts to ZAR112.99 billion.
  • The nominal value of the latest issuance is ZAR106.63 million.
  • The fixed coupon rate is 8.25% per annum, payable semi-annually in arrears.
  • The notes are priced at 93.780215% of their nominal value.
  • The settlement of these debt securities will occur electronically through the Central Depository.

Sources:

  • Johannesburg Stock Exchange (JSE)