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DEVELOPMENT BANK OF SOUTHERN AFRICA - DIDBS - Listing of Tap Issues

Release Date: 20/03/2023 15:29
Code(s): DVF28 DVFB31 DV29     PDF:  
Wrap Text
DIDBS - Listing of Tap Issues

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: DV29                ISIN: ZAG000112616
Bond Code: DVF28               ISIN: ZAG000193384
Bond Code: DVFB31              ISIN: ZAG000170259
(“DBSA” or the “Bank”)


LISTING OF TAP ISSUES

The JSE Limited has granted DBSA additional listings of its Senior Unsecured Fixed and Floating Rate
Notes, in terms of its Domestic Medium Term Note Programme memorandum dated 14 December
2015 (the “2015 Programme”), as amended from time to time, effective 22 March 2023.


Debt Security Code:                         DV29
ISIN:                                       ZAG000112616
Type of Debt Security:                      Fixed Rate Notes
Nominal Before Issue:                       ZAR 524 000 000
Nominal Issued:                             ZAR 66 000 000
Nominal After Issue:                        ZAR 590 000 000
Issue Price:                                98.974050% of the aggregate Principal Amount of this
                                            Tranche
Coupon Rate:                                10.10%
Interest Commencement Date:                 18 February 2023
First Interest Payment Date:                18 August 2023
Interest Payment Date(s):                   18 February and 18 August of each year until the Maturity
                                            Date
Last Day to Register:                       By 17h00 on 7 February and 7 August of each year until
                                            the Maturity Date
Books Close:                                8 February and 8 August of each year until the Maturity
                                            Date
Maturity Date:                              18 February 2029
Final Maturity Amount:                      100% of the aggregate principal amount
Other:                                      The pricing supplement contain additional terms and
                                            conditions
Summary of Additional Terms:                Please refer to the early redemption amount(s) payable
                                            on redemption for taxation reasons or event of default
                                            and the additional disclosures provisions contained in
                                            the pricing supplement

Debt security code:                         DVF28
ISIN:                                       ZAG000193384
Type of Debt Security:                      Floating Rate Notes
Nominal Before Issue:                       ZAR 218 000 000
Nominal Issued:                             ZAR 166 000 000
Nominal After Issue:                        ZAR 384 000 000
Issue price:                                101.609082% of the aggregate Principal Amount of this Tranche
Coupon Rate:                                3-month JIBAR plus 195 basis points
Interest commencement date:                 2 February 2023
First interest payment date:                2 May 2023
Interest payment date(s):                   2 February, 2 May, 2 August and 2 November of each year
                                            until the Maturity Date
Rate Determination Date(s):                 The first day of each Interest Period, with the first Rate
                                            Determination Date being 2 February 2023
Last day to register:                       By 17:00 on 22 January, 21 April, 22 July and 22 October of
                                            each year until the Maturity Date
Books close:                                23 January, 22 April, 23 July and 23 October of each year until
                                            the Maturity Date
Maturity date:                              2 February 2028
Final Maturity Amount:                      The aggregate Outstanding Principal Amount of this
                                            Tranche plus interest accrued (if any) to the Maturity
                                            Date
Other:                                      The pricing supplement contain additional terms and
                                            conditions
Summary of Additional Terms:                Please refer to the reference rate, 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

Debt Security Code:                         DVFB31
ISIN:                                       ZAG000170259
Type of Debt Security:                      Floating Rate Notes
Nominal Before Issue:                       ZAR 1 563 000 000
Nominal Issued:                             ZAR 385 000 000
Nominal After Issue:                        ZAR 1 948 000 000
Issue Price:                                103.258842% of the aggregate Principal Amount of this
                                            Tranche
Coupon Rate:                                3-month JIBAR plus 275 basis points
Interest Commencement Date:                 21 February 2023
First Interest Payment Date:                21 May 2023
Rate Determination Date(s):                 The first day of each Interest Period, provided that the
                                            first Rate Determination Date shall be 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
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 contain additional terms and
                                            conditions
Summary of Additional Terms:                Please refer to the reference rate, 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

Issue Date:                                 22 March 2023
Business Day Convention:                    Following Business Day
Programme Amount:                           ZAR 80 000 000 000.00
Total Notes in Issue Under Programme:       ZAR 16 676 000000 exclusive of these issuances of
                                            notes
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited




20 March 2023

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

Date: 20-03-2023 03:29:00
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