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IDC02; IDC03 and IDCS08 - New Financial and Additional Instruments Listing
Industrial Development Corporation of South Africa Limited Incorporated in the Republic of
South Africa)
Registration No. 1940/014201/06)
Issuer code: IN02
Bond Code: IDC02 ISIN No: ZAG000222910
Bond Code: IDC03 ISIN No: ZAG000222928
Bond Code: IDCS08 ISIN No: ZAG000220120
(the "IDC")
NEW FINANCIAL AND ADDITIONAL INSTRUMENTS LISTING – IDC02; IDC03 and IDCS08
The JSE Limited has granted new and additional listing of 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 39,447,000,000 (Excluding these tranches)
Full note details are set out below:
Bond Code IDC02
Nominal Value R 200 000 000.00
Instrument Type Floating Rate Note
Issue price 100% of the Aggregate Principal Amount
Coupon 3 Month JIBAR plus 145 bps
Coupon Rate Indicator Floating
Trade Type Price
Final Redemption Date 19 February 2029
Books Close Date(s) Each period from (and including) 14 May to 18 May, 14 August to 18 August, 14
November to 18 November and 14 February to 18 February 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 19 May, 19 August, 19 November and 19 February 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 Rate Determination Date for
the first Interest Period shall be 13 February 2026
Last day to register By 17H00 (South Africa time) on 13 May, 13 August, 13 November and 13
February of each year until the Applicable Redemption Date or if such day is not a
Business Day, the 7 Business Day before each Books Closed Period, year until the
Applicable Redemption Date.
Issue Date 19 February 2026
Date Convention Following
Interest Commencement Date 19 February 2026
First Interest Payment Date 19 May 2026
ISIN No ZAG000222910
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDC03
Nominal Value R 500 000 000.00
Instrument Type Floating Rate Note
Issue price 100% of the Aggregate Principal Amount
Coupon 3 Month JIBAR plus 165 bps
Coupon Rate Indicator Floating
Trade Type Price
Final Redemption Date 19 February 2031
Books Close Date(s) Each period from (and including) 14 May to 18 May, 14 August to 18 August, 14
November to 18 November and 14 February to 18 February 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 19 May, 19 August, 19 November, and 19 February, 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 Rate Determination Date for
the first Interest Period shall be 13 February 2026
Last day to register By 17H00 (South Africa time) on 13 May, 13 August, 13 November and 13
February of each year until the Applicable Redemption Date or if such day is not a
Business Day, the 7 Business Day before each Books Closed Period, year until the
Applicable Redemption Date.
Issue Date 19 February 2026
Date Convention Following
Interest Commencement Date 19 February 2026
First Interest Payment Date 19 May 2026
ISIN No ZAG000222928
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCS08
Nominal Before Issue: R 1 340 000 000.00
Nominal Issued: R 1 000 000 000.00
Nominal After Issue: R 2 340 000 000.00
Issue Price: 100.65020% of the Aggregate Principal Amount (in respect of Tranche 2)
Instrument Type Floating Rate Note
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, and 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 Rate Determination Date
for the first Interest Period shall be 13 February 2026 (in respect of Tranche 2)
Last day to register By 17H00 (South Africa time) on 29 January, 28 April, 29 July and 29
October of each year until the Applicable Redemption Date or if such day
is not a Business Day, the Business Day before each Books Closed
Period, year until the Applicable Redemption Date.
Issue Date 19 February 2026 (in respect of Tranche 2)
Date Convention Following
Interest Commencement Date 3 November 2025
First Interest Payment Date 3 May 2026 (in
respect of Tranche 2)
ISIN No ZAG000220120
Additional Information Senior, Unsecured
Johannesburg
18 February 2026
Debt sponsor
The Standard Bank of South Africa Limited
Date: 18-02-2026 11:20:00
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