Standard Bank Group lists R 2 billion in additional Tier 1 notes
Bitget2026/11/06 09:08- Standard Bank Group secured JSE listings for R 2 billion of unsecured Additional Tier 1 Notes, scheduled for issuance November 9, 2026.
- The R 538 million SBT118 floating-rate notes carry a coupon of ZARONIA compounded daily with a 194-basis-point spread.
- The R 1.46 billion SBT119 mixed-rate notes initially pay 9.68% annually, with semiannual payments.
- SBT119 switches to ZARONIA compounded daily with a 194-basis-point spread from December 31, 2031, unless redeemed earlier.
- Both issuances are priced at 100%, with optional redemption on December 31, 2031, or any subsequent interest payment date.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Cloud Sector Faces a Key Moment: CoreWeave (CRWV.US) Set to Announce Earnings, Wells Fargo Remains Bullish
CoreWeave (CRWV.US) will release its third-quarter financial report after the U.S. stock market closes on Tuesday. This is seen as a key test for the strength of the new AI cloud sector.
JPMorgan raises target prices for Target and Walmart
Orient Precision Industries Holds Extraordinary Shareholders Meeting
Citi optimistic about international oil companies: low-cost resource reserves being rebuilt may drive energy sector to reverse a decade-long valuation discount
With oil prices in the mid-$70s range, Citi believes that global international oil companies (IOCs) can deliver a free cash flow yield of 7% to 8%, and achieve a real growth rate of 4% to 5% over a period of time.
Crypto prices
More
