Debt Notice Neutral
THE STANDARD BANK OF SOUTH AFRICA LIMITED - New Financial Instrument Listing Announcement - RLN181.
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What this filing means
Standard Bank has listed ZAR 10 million in new equity index-linked notes (RLN181) under its existing ZAR 150 billion Structured Note Programme.
Bull case
- The listing of the ZAR 10 million RLN181 note expands the range of financial instruments available under the bank's established Structured Note Programme.
- The issuance contributes to the bank's total notes issued under the programme, which now stands at ZAR 123.42 billion against an authorised ZAR 150 billion limit.
Bear case
- The issuance expands the issuer's structured note liabilities, marginally increasing the volume of the balance sheet tied to the ZAR 123.4 billion in total issued notes.
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