South Africa based Universal Bank Standard Bank of South Africa Ltd has finalised a private placement in the ZAR Floating Rate Braai Bond market. The financing matures in 2031 and was executed by a single dealer.
A Braai bond is a ZAR-denominated bond issued by a South-African entity in the South-African Domestic Bond market.
For all the deals placed in the market today use the Bond Market or Money Market Viewers.
| Issuer Details | |
| Issuer | Standard Bank of South Africa Ltd |
| LEI | QFC8ZCW3Q5PRXU1XTM60 |
| Industry | Bank - Diversified |
| Country | South Africa |
| Issuer Description | Standard Bank Group is a global bank with African roots. It is South Africa's largest bank, distinguished by its extensive operations in 17 African countries. Outside the African continent, Standard Bank Group operations span to 16 countries, with an emerging market focus. Our customers benefit from our knowledge and expertise in emerging markets, coupled with our global outlook.Standard Bank Group is listed on the JSE Limited, share code SBK, and the Namibian Stock Exchange, share code SNB. The group had total assets of over R1 333 billion (approximately $172 billion) at 30 June 2009 and employed more than 50 000 (including Liberty) people worldwide. Standard Bank's market capitalisation at 30 June 2009 was R138 billion (approximately $18 billion).The Group has played a central role in the development of the Southern African economy for more than 140 years. It has done this by constantly aligning its presence in the market place with the evolving needs of the region's economies, and delivering relevant banking and financial services. |
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| Trade Details | |
| Security Type | Bond |
| Amount | ZAR [Login to see full details] |
| Total Amount including taps | ZAR [Login to see full details] |
| Total Amount Outstanding | ZAR [Login to see full details] |
| Total Order Book | ZAR [Login to see full details] |
| Structure | Floating Rate |
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A Braai bond is a ZAR-denominated bond issued by a South-African entity in the South-African Domestic Bond market.
Check here for all issuer’s year to date financings.