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DEVELOPMENT BANK OF SOUTHERN AFRICA - DVF31C - Listing of New Financial Instrument

Release Date: 05/07/2024 16:15
Code(s): DVF31C     PDF:  
Wrap Text
DVF31C - 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: DVF31C       ISIN: ZAG000206806
("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 8 July 2024.

Type of debt security:                      Floating Rate Notes

Debt security code:                         DVF31C
ISIN:                                       ZAG000206806
Nominal issued:                             R 400 000 000.00
Issue date:                                 8 July 2024
Issue price:                                100% of the aggregate nominal amount
Interest commencement date:                 8 July 2024
Coupon rate:                                3-month JIBAR plus 200 basis points
First interest payment date:                8 October 2024
Interest payment date(s):                   8 July, 8 October, 8 January and 8 April 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 3 July 2024
Last day to register:                       By 17:00 on 27 June, 27 September, 28 December and 28
                                            March of each year until the maturity date
Books close:                                28 June, 28 September, 29 December and 29 March of each
                                            year until the maturity date
Business day convention:                    Following business day
Maturity date:                              8 July 2031
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 2023 Programme
Summary of additional terms:                Not Applicable
Programme amount:                           R 80 000 000 000.00
Total notes in issue under Programme:       R 11 883 000 000.00 exclusive of these issuances of
                                            notes
Dealer:                                     Absa Bank Limited, acting through its Corporate and
                                            Investment Banking division

5 July 2024

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

Date: 05-07-2024 04:15:00
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