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Banks (Finance)

Standard Bank's RLN143 Equity Index Linked Notes Receive Johannesburg Stock Exchange Listing

Strategic Insights

— 1 min read

Standard Bank has successfully listed its RLN143 Equity Index Linked Notes on the Johannesburg Stock Exchange (JSE), marking the latest addition to the bank's Structured Note Programme. The notes, which mature on February 27, 2029, are part of a programme established in December 2024 with an authorized size of ZAR150.00 billion. The total notes issued, including the current issue, amount to ZAR117.80 billion. These notes are designed to offer investors a unique investment opportunity with a nominal value of ZAR17.07 million and a price of 100,000 ZA cents per note.

Key Takeaways:

  • The JSE Limited has granted a listing to Standard Bank's RLN143 Equity Index Linked Notes, which are scheduled to mature on February 27, 2029.
  • The Structured Note Programme, established in December 2024, has an authorized size of ZAR150.00 billion and a total of ZAR117.80 billion in notes issued.
  • The newly issued notes have a nominal value of ZAR17.07 million, priced at 100,000 ZA cents per note, with 17,074 notes issued in total.
  • The Equity Index Linked Notes will have their final index level determined on February 20, 2029, subject to adjustments outlined in the Pricing Supplement and Equity Terms.
  • The notes will be physically settled by the delivery of Exchange Traded Funds (ETFs) to holders on February 27, 2029.
  • Electronic settlement will be handled through the Central Securities Depository in compliance with JSE Rules.
  • The market category for this issuance is the equity index linked segment.
  • Trading in these notes will be suspended on February 22, 2029, with a record date on February 26, 2029, before being delisted on February 28, 2029, subject to adjustments.

Statistics:

  • Authorized size of the Structured Note Programme: ZAR150.00 billion
  • Total notes issued under the programme: ZAR117.80 billion
  • Nominal value of the newly issued notes: ZAR17.07 million
  • Number of notes issued: 17,074
  • Market category: Equity index linked segment
  • Suspension of trading: February 22, 2029
  • Record date: February 26, 2029
  • De-listing: February 28, 2029
  • Maturity date: February 27, 2029

Sources:

  • JSE Limited for the listing of the RLN143 Equity Index Linked Notes
  • Standard Bank for the Structured Note Programme and issuance details
  • Johannesburg Stock Exchange (JSE) for the market category and trading details

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