- The Standard Bank of South Africa Limited lists SBEN21 Equity Index Linked Notes on the JSE Limited.
- The total notes issued under the bank’s Structured Note Programme amount to ZAR80,183,681,081.61.
- The SBEN21 Notes will be physically settled through the delivery of specified ETFs to note holders on the maturity/delivery date.
The Standard Bank of South Africa Limited has announced the listing of its new financial instrument, SBEN21 Equity Index Linked Notes, on the JSE Limited. The notes, due on 20 June 2028, are part of the bank’s Structured Note Programme and have been sponsored by The Standard Bank of South Africa Limited.
Under the authorized Programme size of ZAR120 billion, the total notes issued, including the current issue, amount to ZAR80,183,681,081.61. The SBEN21 Notes have a nominal issued value of ZAR500 million, with an issue price of 100%. A total of 500,000 notes will be available for trading.
The key dates associated with the SBEN21 Notes are as follows: the issue date is 23 May 2023, the declaration date is 22 May 2028 (subject to the preceding business day convention), the last date to trade is 06 June 2028 (subject to the preceding business day convention), and the maturity/delivery date is 20 June 2028 (subject to adjustments as detailed in the Pricing Supplement). The de-listing date is set for 07 June 2028.
Investors should take note of the business day convention, which follows the preceding business day, as well as the terms and conditions outlined in the Pricing Supplement for this specific Note issuance. The SBEN21 Notes will be physically settled by the delivery of Exchange-Traded Funds (ETFs) specified in the Pricing Supplement to the note holders on the maturity/delivery date.