Santam lists two new floating rate notes on JSE

Santam Limited announced the listing of its SNT08 and SNT09 Unsecured Subordinated Floating Rate Notes on the JSE, effective October 6, 2025. These listings are under its Unsecured Subordinated Callable Note Programme, dated December 10, 2020.

The SNT08 notes have an ISIN of ZAG000219270, a nominal amount issued of ZAR 1.53 bn, and a coupon rate of 3 Month ZAR-JIBAR plus 120 basis points, maturing on October 6, 2030. The SNT09 notes, with ISIN ZAG000219262, were issued for ZAR 470 m, featuring a coupon rate of 3 Month ZAR-JIBAR plus 129 basis points and a maturity date of October 6, 2032. Both notes have an issue date and interest commencement date of October 6, 2025, and an issue price of 100%.

The total notes in issue under the Programme, inclusive of these issuances, amount to ZAR 5 bn. Absa Bank Limited is acting as the dealer for these listings. The first interest payment date is scheduled for January 6, 2026.