DEVELOPMENT BANK OF SOUTHERN AFRICA - DV23 DVFB24 DVFC26 - Listing of Tap Issues and Partial Capital Reduction and Accrued Interest Payment of Listed Debt

DV23 DVFB24 DVFC26 - Listing of Tap Issues and Partial Capital Reduction and Accrued Interest Payment of Listed Debt

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: DVFB24                ISIN: ZAG000182502
Bond Code: DVFC26                ISIN: ZAG000182510
(“DBSA” or the “Bank”)


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


LISTING OF TAP ISSUES

The JSE Limited has granted DBSA the additional listing of its DVFB24 and DVFC26 Senior Unsecured
Floating Rate Notes, in terms of its Domestic Medium Term Note Programme memorandum dated 14
December 2015 (the “2015 Programme”), effective 30 March 2022.

Debt Security Code:                         DVFB24
ISIN:                                       ZAG000182502
Type of Debt Security:                      Floating Rate Notes
Nominal Before Issue:                       ZAR 447 000 000.00
Nominal Issued:                             ZAR 240 000 000.00
Nominal After Issue:                        ZAR 687 000 000.00
Issue Date:                                 30 March 2022
Issue Price:                                100.249195%
Coupon Rate:                                3 Month JIBAR plus 230 basis points
Maturity Date:                              15 December 2024

Debt Security Code:                         DVFC26
ISIN:                                       ZAG000182510
Type of Debt Security:                      Floating Rate Notes
Nominal Before Issue:                       ZAR 892 000 000.00
Nominal Issued:                             ZAR 80 000 000.00
Nominal After Issue:                        ZAR 972 000 000.00
Issue Date:                                 30 March 2022
Issue Price:                                100.263188%
Coupon Rate:                                3 Month JIBAR plus 265 basis points
Maturity Date:                              15 December 2026

Interest Commencement Date:                 15 March 2022
Interest Determination Date(s):             The first day of each Interest Period, provided that the first
                                            Rate Determination Date shall be 15 March 2022
First Interest Payment Date:                15 June 2022
Interest Payment Date(s):                   15 March, 15 June, 15 September and 15 December of
                                            each year until the Maturity Date
Last Day to Register:                       By 17h00 on 4 March, 4 June, 4 September and 4
                                            December of each year until the Maturity Date
Books Close:                                5 March, 5 June, 5 September and 5 December of each
                                            year until the Maturity Date
Business Day Convention:                    Following Business Day
Final Maturity Amount:                      The aggregate Outstanding Principal Amount of this
                                            Tranche plus interest accrued (if any) to the Maturity Date
Other:                                      The pricing supplements do not contain additional terms
                                            and conditions to the terms and conditions as contained in
                                            the 2015 Programme
Summary of Additional Terms:                Not applicable
Programme Amount:                           ZAR 80 000 000 000.00
Total Notes in Issue Under Programme:       ZAR 24 358 080 517.00 exclusive of these
                                            issuances of notes
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited


NOTIFICATION OF THE PARTIAL CAPITAL REDUCTION AND ACCRUED INTEREST 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 7 862 080 517.00
Reduction of nominal amount:                              ZAR 65 619 907.00
Nominal amount after reduction:                           ZAR 7 796 460 610.00
Settlement / redemption amount:                           ZAR 67 903 210.72
Pay date of the repurchase and accrued interest:          30 March 2022
Effective date of the reduction in nominal amount:        30 March 2022

Accrued interest amount:                                  ZAR 557 319.76, included in the settlement
                                                          amount
Annualised interest rate:                                 10.000%
Interest period:                                          27 February 2022 to 29 March 2022

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




29 March 2022

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

Date: 29-03-2022 04:55:00
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