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Sustainable Notes: New Financial Instruments Listing – IDCS08; IDCS03; IDCS04, IDCS05 And IDCS06
Industrial Development Corporation of South Africa Limited Incorporated in the
Republic of South Africa)
Registration No. 1940/014201/06)
Issuer code: IN02
Bond Code: IDCS08 ISIN No: ZAG000220120
Bond Code: IDCS03 ISIN No: ZAG000213950
Bond Code: IDCS04 ISIN No: ZAG000213968
Bond Code: IDCS05 ISIN No: ZAG000213976
Bond Code: IDCS06 ISIN No: ZAG000216557
(the "IDC")
SUSTAINABLE NOTES: NEW FINANCIAL INSTRUMENTS LISTING – IDCS08; IDCS03; IDCS04, IDCS05 and IDCS06
The JSE Limited has granted new and additional listing of sustainable notes under IDC's Domestic Medium Term Note
Programme, on the Interest Rate Market.
Authorized Programme Size R 50 000 000 000.00
Total Notes in issue R 34,621,000,000 (Excluding these tranches)
Full note details are set out below:
Bond Code IDCS08
Nominal Value R 1 340 000 000.00
Instrument Type Floating Rate Note
Issue price 100% of the Aggregate Principal Amount
Coupon 3 Month JIBAR plus 200bps
Coupon Rate Indicator Floating
Trade Type Price
Final Redemption Date 03 May 2033
Books Close Date(s) Each period from (and including) 29 January to 2 February, 28 April to 2 May
29 July to 2 August, and 29 October to 2 November of each year until the
Applicable Redemption Date, being 5 (five) days prior to each Interest Payment
Date and/or the Applicable Redemption Date
Interest Payment Date(s) Quarterly in arrears on 3 February, 3 May, 3 August, 3 November of each
year until the Final Redemption Date or, if any such day is not a Business
Day, the Business Day on which interest will be paid as determined in accordance
with the applicable Business Day Convention. This shall be in each year for the
period from (and including) the Interest Commencement Date to (but excluding)
the Applicable Redemption Date
Interest Determination Date(s) The first day of each Interest Period; provided that the Interest
Determination Date for the first Interest Period shall be 29 October 2025
Last day to register By 17H00 (South Africa time) on 28 January, 27 April, 28 July and 28 October
of each year until the Applicable Redemption Date
Issue Date 03 November 2025
Date Convention Following
Interest Commencement Date 03 November 2025
First Interest Payment Date 03 February 2026
ISIN No ZAG000220120
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCS03
Nominal Before Issue: R 750 000 000.00
Nominal Issued: R 575 000 000.00
Nominal After Issue: R 1 325 000 000.00
Issue Price: 101.195364%
Instrument Type Floating Rate Note
Coupon 3 Month JIBAR plus 230bps
Coupon Rate Indicator Floating
Trade Type Price
Final Redemption Date 28 March 2035
Books Close Date(s) Each period from (and including) 18 March to 27 March, 18 June to 27 June,
18 September to 27 September and 18 December to 27 December of each
year, being 10 (ten) days prior to each Interest Payment Date and/or the
Applicable Redemption Date
Interest Payment Date(s) Quarterly in arrears on 2 8 M a r c h, 2 8 J u n e, 2 8 S e p t e m b e r, a n d
28 December or, if any such day is not a Business Day, the Business Day on
which interest will be paid as determined in accordance with the applicable
Business Day Convention. This shall be in each year for the period from (and
including) the Interest Commencement Date to (but excluding) the Applicable
Redemption Date
Interest Determination Date(s) The first day of each Interest Period; provided that the Interest
Determination Date for the first Interest Period shall be 29 September 2025.
Last day to register By 17H00 (South Africa time) on 17 March, 17 June, 17 September
and 17 December of each year until the Applicable Redemption Date
Issue Date 03 November 2025 (in respect of Tranche 2)
Date Convention Following
Interest Commencement Date 28 September 2025 (in respect of Tranche 2)
First Interest Payment Date 28 December 2025 (in respect of Tranche 2)
ISIN No ZAG000213950
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCS04
Nominal Before Issue: R 270 000 000.00
Nominal Issued: R 80 000 000.00
Nominal After Issue: R 350 000 000.00
Instrument Type Fixed Rate Note
Coupon 11.57%
Coupon Rate Indicator Fixed
Trade Type Price
Final Redemption Date 28 March 2035
Books Close Date(s) Each period from (and including) 18 March to 27 March and
18 September to 27 September of each year, being 10 (ten) days prior to each
Interest Payment Date and/or the Applicable Redemption Date.
Interest Payment Date(s) Semi-annually in arrears on 28 September and 28 March or, if any such day is not
a Business Day, the Business Day on which interest will be paid as determined
in accordance with the applicable Business Day Convention. This shall be in
each year for the period from (and including) the Interest Commencement Date
to (but excluding) the Applicable Redemption Date.
Last day to register By 17H00 (South Africa time) on 17 March and 17 September of each year
until the Applicable Redemption Date
Issue Date 03 November 2025 (in respect of Tranche 2)
Date Convention Following
Interest Commencement Date 28 September 2025 (in respect of Tranche 2)
First Interest Payment Date 28 March 2026 (in respect of Tranche 2)
ISIN No ZAG000213968
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCS05
Nominal Before Issue: R 100 000 000.00
Nominal Issued: R 35 000 000.00
Nominal After Issue: R 135 000 000.00
Instrument Type Floating Rate Note
Issue price 102.089004% of Tranche 2
Coupon 3 Month JIBAR plus 249bps
Coupon Rate Indicator Floating
Trade Type Price
Final Redemption Date 28 March 2037
Books Close Date(s) Each period from (and including) 18 March to 27 March, 18 June to 27 June,
18 September to 27 September and 18 December to 27 December of each
year, being 10 (ten) days prior to each Interest Payment Date and/or the
Applicable Redemption Date.
Interest Payment Date(s) Quarterly in arrears on 28 March, 2 8 J u n e, 2 8 S e p t e m b e r, and
28 December or, if any such day is not a Business Day, the Business Day on
which interest will be paid as determined in accordance with the applicable
Business Day Convention. This shall be in each year for the period from (and
including) the Interest Commencement Date to (but excluding) the Applicable
Redemption Date.
Interest Determination Date(s) The first day of each Interest Period; provided that the Rate Determination
Date for the first Interest Period shall be 29 September 2025.
Last day to register By 17H00 (South Africa time) on 17 March, 17 June, 17 September,
and 17 December of each year until the Applicable Redemption Date
Issue Date 03 November 2025 (in respect of Tranche 2)
Date Convention Following
Interest Commencement Date 28 September 2025 (in respect of Tranche 2)
First Interest Payment Date 28 December 2025 (in respect of Tranche 2)
ISIN No ZAG000213976
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCS06
Nominal Before Issue: R 180 000 000.00
Nominal Issued: R 175 000 000.00
Nominal After Issue: R 335 000 000.00
Instrument Type Floating Rate Note
Issue price 101.555843% of Tranche 2
Coupon 3 Month JIBAR plus 185bps
Coupon Rate Indicator Floating
Trade Type Price
Final Redemption Date 23 June 2030
Books Close Date(s) Each period from (and including) 13 March to 22 March, 13 June to 22 June,
13 September to 22 September and 13 December to 22 December of each
year, being 10 (ten) days prior to each Interest Payment Date and/or the
Applicable Redemption Date.
Interest Payment Date(s) Quarterly in arrears on 23 March, 2 3 J u n e, 2 3 S e p t e m b e r, and
23 December or, if any such day is not a Business Day, the Business Day on
which interest will be paid as determined in accordance with the applicable
Business Day Convention. This shall be in each year for the period from (and
including) the Interest Commencement Date to (but excluding) the Applicable
Redemption Date.
Interest Determination Date(s) The first day of each Interest Period; provided that the Rate Determination
Date for the first Interest Period shall be 29 September 2025.
Last day to register By 17H00 (South Africa time) on 12 March, 12 June, 12 September,
and 12 December of each year until the Applicable Redemption Date
Issue Date 03 November 2025 (in respect of Tranche 2)
Date Convention Following
Interest Commencement Date 23 September 2025 (in respect of Tranche 2)
First Interest Payment Date 23 December 2025 (in respect of Tranche 2)
ISIN No ZAG000216557
Additional Information Senior, Unsecured
Johannesburg
31 October 2025
Debt sponsor
The Standard Bank of South Africa Limited
Date: 31-10-2025 04:20:00
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