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DSYC01 & DSYC02-New Financial Instrument Listings
Discovery Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1999/007789/06)
Legal Entity Identifier: 378900245A26169C8132
Company code: DSYI
Bond code: DSYC01: ISIN: ZAG000215732
Bond code: DSYC02: ISIN: ZAG000215740
("Discovery")
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted Discovery approval for new financial instrument listings of Senior Unsecured Notes,
in terms of its Domestic Medium Term Note Programme dated 24 May 2022 together with the notice of increase
in the overall programme size dated 12 November 2024, mainly to refinance maturing unlisted notes, as follows:
Bond code: DSYC01
Instrument type: Zero coupon note
Nominal value issued: R 404,000,000.00
Issue price: 96.17239%
Implied yield: 7.895%
Maturity date: 21 November 2025
Books close dates: 16 November 2025 to 20 November 2025
Last day to register: By 17:00 on 15 November 2025
Bond code: DSYC02
Instrument type: Floating rate
Nominal value issued: R 1,111,000,000.00
Issue price: 100%
Interest rate: 3 Month JIBAR plus a margin of 95 bps. For the first
interest period 3 Month JIBAR will be calculated on 16 May
2025
Maturity date: 21 May 2026
Books close dates: 16 August 2025 to 20 August 2025, 16 November 2025 to
20 November 2025, 16 February 2026 to 20 February 2026
and 16 May 2026 to 20 May 2026
Interest payment dates: 21 August 2025, 21 November 2025, 21 February 2026 and
. 21 May 2026
Last day to register: By 17:00 on 15 August 2025, 15 November 2025, 15
February 2026 and 15 May 2026
Interest commencement date: 21 May 2025
First interest payment date: 21 August 2025
Business Day Convention: Modified Following Business Day
Issue date: 21 May 2025
Trade type: Price
Final Maturity Amount: 100% of the aggregate Outstanding Nominal Amount
Programme Amount: R 12 500 000 000.00
Total Notes in Issue Under Programme: R 8 433 000 000.00 inclusive of these issuances of notes
Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited
The Applicable Pricing Supplements are available on the Discovery's website at:
https://www.discovery.co.za/corporate/additional-material
The notes relating to the new financial instruments will be dematerialised in the Central Securities Depository
("CSD") and settlement will take place electronically in terms of JSE Rules.
21 May 2025
Debt sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 21-05-2025 01:31:00
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