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DEVELOPMENT BANK OF SOUTHERN AFRICA - DVF29 - Listing of new financial instrument

Release Date: 26/06/2024 11:50
Code(s): DVF29     PDF:  
Wrap Text
DVF29 - Listing of new financial instrument

Development Bank of Southern Africa Limited
(reconstituted and incorporated in terms of section 2 of the Development Bank of Southern Africa Act,
1997)
Registration number: 1600157FN
JSE company code: DIDBS
LEI code: 25490071AZ4HOFUNIH94
Bond code: DVF29        ISIN: ZAG000206475
("DBSA")


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted DBSA the new listing of its Senior Unsecured Floating Rate Notes, in terms
of its Domestic Medium Term Note Programme memorandum dated 3 July 2023 (the "2023
Programme"), as amended from time to time, effective 27 June 2024.

Type of debt security:                      Floating Rate Notes

Debt security code:                         DVF29
ISIN:                                       ZAG000206475
Nominal issued:                             R 400 000 000.00
Issue date:                                 27 June 2024
Issue price:                                100% of the aggregate nominal amount
Interest commencement date:                 27 June 2024
Coupon rate:                                3-month JIBAR plus 185 basis points
First interest payment date:                27 September 2024
Interest payment date(s):                   27 March, 27 June, 27 September and 27 December of each
                                            year until the maturity date
Interest rate determination date(s):        The first business day of each interest period in each
                                            year until the maturity date, with the first interest rate
                                            determination date being 21 June 2024
Last day to register:                       By 17:00 on 16 March, 16 June, 16 September and 16
                                            December of each year until the maturity date
Books close:                                17 March, 17 June, 17 September and 17 December of each
                                            year until the maturity date
Business day convention:                    Following business day
Maturity date:                              27 June 2029
Final maturity amount:                      100% of the aggregate nominal amount
Other:                                      The pricing supplement does not contain additional
                                            terms and conditions or changes to the terms and
                                            conditions as contained in the Programme
Summary of additional terms:                Not Applicable
Programme amount:                           R 80 000 000 000.00
Total notes in issue under Programme:       R 11 483 000 000.00 exclusive of these issuances of
                                            notes
Dealer:                                     Nedbank Limited, acting through its Corporate and
                                            Investment Banking division

26 June 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 26-06-2024 11:50:00
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