Standard Bank’s SBEN27: Innovative Investment Choice for Growth

  • Innovative Investment Opportunity: Standard Bank introduces SBEN27 Equity Index Linked Notes, expanding investment choices with unique features.
  • JSE Listing and Noteworthy Details: SBEN27 listed on JSE, offering ZAR 150 million initial investment, maturity on June 20, 2028.
  • Pioneering Settlement Approach: Holders receive ETFs at maturity, reflecting Standard Bank's commitment to innovation and diversification.
Standard Bank

The South African financial landscape is set to witness a groundbreaking evolution with the launch of the SBEN27 Equity Index Linked Notes by The Standard Bank of South Africa Limited. This innovative financial instrument, listed on the JSE Limited, marks a new era in diversified investment options for both individual and institutional investors.

The SBEN27 Equity Index Linked Notes, introduced under The Standard Bank’s established Structured Note Programme, have secured a coveted listing on the JSE Limited. This move is a testament to the bank’s unwavering commitment to pioneering innovative solutions that cater to the diverse needs of its clientele.

One of the most striking features of the SBEN27 Equity Index Linked Notes is the remarkable authorized Programme size of ZAR 120 billion, signifying the bank’s confidence in this novel investment avenue. The bank has already issued ZAR 150 million worth of these notes, indicating a strong initial demand from investors keen to explore this new opportunity.

The comprehensive details of the SBEN27 Notes are provided in the table below:

Issue DateAugust 15, 2023
Nominal IssuedZAR 79,563,500,287.61
Redemption BasisEquity Index Linked
Issue Price100%
Number of Notes150,000 Notes
Declaration DateMay 23, 2028, subject to Preceding Business Day Convention
Last Date to TradeJune 6, 2028, subject to Preceding Business Day Convention
Suspension DateJune 7, 2028
Record DateJune 9, 2028
Maturity/Delivery DateJune 20, 2028, subject to adjustments as detailed in the Pricing Supplement
De-Listing DateJune 21, 2028
Business Day ConventionPreceding Business Day
Placement AgentThe Standard Bank of South Africa Limited

The SBEN27 Notes offer a distinctive investment experience through a novel arrangement. Upon maturity, holders of the SBEN27 Equity Index Linked Notes will receive ETFs (Exchange-Traded Funds) based on the terms specified in the Pricing Supplement. This innovative settlement mechanism demonstrates the bank’s commitment to providing investors with innovative, accessible, and dynamic investment strategies.

Aspiring investors considering the SBEN27 Equity Index Linked Notes are advised to thoroughly review the Pricing Supplement. This document outlines the intricate terms and conditions associated with this issuance. To ensure transparency and security, the notes will be held in the Central Securities Depository (CSD), and settlement will be conducted electronically in accordance with the JSE Rules.

The launch of the SBEN27 Equity Index Linked Notes underlines The Standard Bank’s dedication to expanding the investment landscape and creating tailored solutions for its clients. The bank’s forward-looking approach places it at the forefront of innovation in the financial sector, offering a wide range of investment opportunities that cater to various investor preferences.

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