DEVELOPMENT BANK OF SOUTHERN AFRICA - DV23 DVFB31 - Listing of tap issue and notification of partial capital reduction and accrued interest payment

DV23 DVFB31 - Listing of tap issue and notification of partial capital reduction and accrued interest payment

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: DV23                  ISIN: ZAG000019779
Bond Code: DVFB31                ISIN: ZAG000170259
(“DBSA” or the “Bank”)


LISTING OF TAP ISSUE AND NOTIFICATION OF THE PARTIAL CAPITAL REDUCTION AND
ACCRUED INTEREST PAYMENT OF LISTED DEBT SECURITIES


LISTING OF TAP ISSUE

The JSE Limited has granted DBSA the additional listing of its Senior Unsecured Floating Rate Notes,
in terms of its Domestic Medium Term Note Programme memorandum dated 14 December 2015 (the
“2015 Programme”), effective 10 February 2023.

Debt Security Code:                                      DVFB31
ISIN:                                                    ZAG000170259
Type of Debt Security:                                   Floating Rate Notes
Nominal Before Issue:                                     ZAR 1 163 000 000.00
Nominal Issued:                                           ZAR 400 000 000.00
Nominal After Issue:                                      ZAR 1 563 000 000.00
Issue Date:                                               10 February 2023
Issue Price:                                              102.384434%
Coupon Rate:                                              3 Month JIBAR plus 275 basis points
Interest Commencement Date:                               21 November 2022
Interest Determination Date(s):                           The first day of each Interest Period, provided that the first
                                                          Rate Determination Date shall be 21 November 2022
First Interest Payment Date:                              21 February 2023
Interest Payment Date(s):                                 21 February, 21 May, 21 August and 21 November of
                                                          each year until the Maturity Date
Last Day to Register:                                     By 17h00 on 10 February, 10 May, 10 August and 10
                                                          November of each year until the Maturity Date
Books Close:                                              11 February, 11 May, 11 August and 11 November of
                                                          each year until the Maturity Date
Business Day Convention:                                  Following Business Day
Maturity Date:                                            21 August 2025
Final Maturity Amount:                                    The aggregate Outstanding Principal Amount of this
                                                          Tranche plus interest accrued (if any) to the Maturity Date.
Other:                                                    The pricing supplement contains additional terms and
                                                          conditions to the terms and conditions as contained in the
                                                          2015 Programme Summary of Additional Terms:
                                                          Please refer to the issuer optional early redemption
                                                          following a tax event, the noteholder optional redemption
                                                          following a change of control event, the early termination
                                                          amount, the action following an event of default and the
                                                          additional disclosures provisions contained in the pricing
                                                          supplement
Programme Amount:                                         ZAR 80 000 000 000.00
Total Notes in Issue Under Programme:                     ZAR 22 372 460 610.00 exclusive of this issuance
                                                          of notes
Dealer:                                                   Rand Merchant Bank, a division of FirstRand Bank Limited


NOTIFICATION OF THE PARTIAL CAPITAL REDUCTION AND ACCRUED INTERST PAYMENT OF
LISTED DEBT SECURITIES

In accordance with the terms and conditions of DBSA’s ZAR 35 000 000 000 Domestic Medium Term
Note Programme memorandum dated 21 January 2008, as amended from time to time, noteholders are
herewith advised of the partial capital reduction of the DV23 notes.


Bond code:                                                DV23
ISIN:                                                     ZAG000019779

Nominal amount before reduction:                          ZAR 6 596 460 610.00
Reduction of nominal amount:                              ZAR 1 600 000 000.00
Nominal amount after reduction:                           ZAR 4 996 460 610.00
Settlement / redemption amount:                           ZAR 1 618 514 000.00
Pay date of the repurchase and accrued interest:          10 February 2023
Effective date of the reduction in nominal amount:        10 February 2023

Accrued interest amount:                                  ZAR 72 444 444.44
Annualised interest rate:                                 10%

The partial capital reduction is due to the repurchase of the listed debt securities by DBSA.



9 February 2023

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 09-02-2023 04:41:00
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