DEVELOPMENT BANK OF SOUTHERN AFRICA - DV23 DVFC26 - Listing of tap issue and partial capital reduction and accrued interest payment of debt securities

DV23 DVFC26 - Listing of tap issue and partial capital reduction and accrued interest payment of debt securities

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: DVFC26                ISIN: ZAG000182510
(“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 24 March 2022.

Debt Security Code:                         DVFC26
ISIN:                                       ZAG000182510
Type of Debt Security:                      Floating Rate Notes
Nominal Before Issue:                       ZAR 222 000 000.00
Nominal Issued:                             ZAR 670 000 000.00
Nominal After Issue:                        ZAR 892 000 000.00
Issue Date:                                 24 March 2022
Issue Price:                                100.164294%
Coupon Rate:                                3 Month JIBAR plus 265 basis points
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
Maturity Date:                              15 December 2026
Final Maturity Amount:                      The aggregate Outstanding Principal Amount of this
                                            Tranche plus interest accrued (if any) to the Maturity Date.
Other:                                      The pricing supplement does 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 24 058 080 517.00 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 8 232 080 517.00
Reduction of nominal amount:                              ZAR 370 000 000.00
Nominal amount after reduction:                           ZAR 7 862 080 517.00
Settlement / redemption amount:                           ZAR 382 489 905.00
Pay date of the repurchase and accrued interest:          24 March 2022
Effective date of the reduction in nominal amount:        24 March 2022

Accrued interest amount:                                  ZAR 5 068 493.15 included in the settlement
                                                          amount
Annualised interest rate:                                 10.000%
Interest period:                                          27 February 2022 to 23 March 2022

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



23 March 2022

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

Date: 23-03-2022 04:50:00
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