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DEVELOPMENT BANK OF SOUTHERN AFRICA - New Financial Listed Instrument - DVC027 and DVC028

Release Date: 24/02/2017 12:15
Code(s): DVC027 DVC028     PDF:  
Wrap Text
New Financial Listed Instrument - DVC027 and DVC028

DEVELOPMENT BANK OF SOUTHERN AFRICA LIMITED

Dated: 24 February 2017

New Financial Instrument Listing Announcement


The JSE Limited has granted a listing to DEVELOPMENT BANK OF
SOUTHERN AFRICA LIMITED – Unsecured Floating Rate Notes, under
its Domestic Medium Term Note Programme dated 14 December
2015, was approved by the JSE Limited on 18 December 2015.

Authorised Programme size      R80,000,000,000.00
Total notes issued             R30,489,000,000.00 (Excluding
this issue)

Full Note details are as follows:

Bond Code                           DVC027
ISIN Number                         ZAG000142332
Amount Issued                       ZAR366,000,000.00
Issue Price                         100%
Coupon Indicator                    Floating
Coupon Rate                         8.005% (3m Jibar as at 21
                                    February 2017 plus margin
                                    of 68bps)
Maturity Date                       24 August 2017
Interest Commencement Date          24 February 2017
Interest Payment Dates              24 May and 24 August 2017
Books Close                         14 May and 14 August 2017
                                    (all dates inclusive)
Last day to register                By 17h00 on 13 May and 13
                                    August 2017
Settlement Date                     24 February 2017
Bond Code                          DVC028
ISIN Number                        ZAG000142340
Amount Issued:                     ZAR1,232,000,000.00
Issue Price:                       100%
Coupon Indicator:                  Floating
Coupon Rate                        8.275%(3m Jibar as at 21
                                   February 2017 plus margin
                                   of 95bps)
Maturity Date:                     19 February 2018
Interest Commencement Date:        24 February 2017
Interest Payment Date:             19   May,  19    August,  19
                                   November 2017 & 19 February
                                   2018
Books Close:                       9 May, 9 August, 9 November
                                   & 9 February of each year
                                   (all dates inclusive) until
                                   the Maturity Date
Last day to register:              17h00 on 8 May, 8 August, 8
                                   November 2017 & 8 February
                                   2018
Settlement Date:                   24 February 2017


Placement Agent:                   The Standard Bank of South
                                   Africa Limited


Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE
Rules.



Further information on the Notes issued please contact:


Carl Wiesner        SBSA      (011) 344 5277

Date: 24/02/2017 12:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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