Wrap Text
DIDBS - Listing of New Financial Instrument and 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: DVFB26 ISIN: ZAG000159906
Bond Code: DVFC28 ISIN: ZAG000182528
Bond Code: DVFC29 ISIN: ZAG000200122
(??DBSA?? or the ??Bank??)
LISTING OF NEW FINANCIAL INSTRUMENT AND TAP ISSUES
The JSE Limited has granted DBSA the new listing of its DVFC29 Senior Unsecured Floating Rate Notes
and the additional listings of its DVFB26 and DVFC28 Senior Unsecured Floating Rate Notes, in terms
of its Domestic Medium Term Note Programme memorandums dated 14 December 2015 and 3 July
2023 (collectively the ??Programme??) respectively, as amended from time to time, effective 13 October
2023.
Type of Debt Security: Floating Rate Notes
Debt security code: DVFC29
ISIN: ZAG000200122
Nominal issued: ZAR 309 000 000.00
Issue price: 100% of the aggregate Principal Amount of this Tranche
Coupon Rate: 3-month JIBAR plus 225 basis points
First interest payment date: 13 January 2024
Interest payment date(s): 13 January, 13 April, 13 July and 13 October of each year until
the Maturity Date
Interest commencement date: 13 October 2023
Rate Determination Date(s): 13 January, 13 April, 13 July and 13 October (or the first
Business Day of each Interest Period) of each year until
the Maturity Date, with the first Interest Rate
Determination Date being 10 October 2023
Last day to register: By 17:00 on 2 January, 2 April, 2 July and 2 October of each
year until the Maturity Date
Books close: 3 January, 3 April, 3 July and 3 October of each year until the
Maturity Date
Maturity date: 13 October 2030
Other: The pricing supplement contains additional terms and
conditions
Summary of Additional Terms: Please refer to the noteholder optional redemption following a
change of control, failure to maintain JSE Listing and Rating
events and the early redemption amount(s) payable on
redemption for tax reasons provisions contained in the pricing
supplement
Debt Security Code: DVFB26
ISIN: ZAG000159906
Nominal Before Issue: ZAR 1 348 000 000.00
Nominal Issued: ZAR 176 000 000.00
Nominal After Issue: ZAR 1 524 000 000.00
Issue Price: 101.256503% of the aggregate Principal Amount of this
Tranche
Coupon Rate: 3-month JIBAR plus 164 basis points
Interest Commencement Date: 31 August 2023
Rate Determination Date(s): The first day of each Interest Period, provided that the
first Rate Determination Date shall be 31 August 2023
First Interest Payment Date: 30 November 2023
Interest Payment Date(s): 31 August, 30 November, 28 February and 31 May of
each year until the Maturity Date
Last Day to Register: By 17h00 on 20 August, 19 November, 17 February and
20 May of each year until the Maturity Date
Books Close: 21 August, 20 November, 18 February and 21 May of
each year until the Maturity Date
Maturity Date: 31 May 2026
Other: The pricing supplement contains additional terms and
conditions
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
Debt Security Code: DVFC28
ISIN: ZAG000182528
Nominal Before Issue: ZAR 105 000 000.00
Nominal Issued: ZAR 215 000 000.00
Nominal After Issue: ZAR 320 000 000.00
Issue Price: 105.028788% of the aggregate Principal Amount of this
Tranche
Coupon Rate: 3-month JIBAR plus 290 basis points
Interest Commencement Date: 15 September 2023
Rate Determination Date(s): The first day of each Interest Period, provided that the
first Rate Determination Date shall be 15 September
2023
First Interest Payment Date: 15 December 2023
Interest Payment Date(s): 15 December, 15 March, 15 June and 15 September of
each year until the Maturity Date
Last Day to Register: By 17h00 on 4 December, 4 March, 4 June and 4
September of each year until the Maturity Date
Books Close: 5 December, 5 March, 5 June and 5 September of each
year until the Maturity Date
Maturity Date: 15 December 2028
Other: The pricing supplement contains additional terms and
conditions
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
Issue Date: 13 October 2023
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.
Programme Amount: ZAR 80 000 000 000.00
Total Notes in Issue Under Programme: ZAR 15 993 000 000.00 exclusive of these issuances
of notes
Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited
12 October 2023
Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 12-10-2023 04:10:00
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