Discovery : DSY06 DSY07 - Listing of New Financial Instruments in terms of the DMTN Programme
June 20, 2022 at 10:24 am EDT
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Discovery Limited
(Incorporated in the Republic of South Africa) (Registration No. 1999/007789/06)
Legal Entity Identifier: 378900245A26169C8132
Company code: DSYI
Bond code: DSY06
ISIN: ZAG000186800
Bond code: DSY07
ISIN: ZAG000186818
("Discovery")
LISTING OF NEW FINANCIAL INSTRUMENTS IN TERMS OF THE DMTN PROGRAMME
The JSE Limited has granted Discovery approval for the listing of its DSY06 and DSY07 Senior Unsecured Floating Rate Notes, in terms of its Domestic Medium Term Note Programme dated 24 May 2022 (the "DMTN Programme") and guaranteed by Discovery Health Proprietary Limited and Discovery Vitality Proprietary Limited, effective 21 June 2022.
Debt Security Code:
DSY06
ISIN:
ZAG000186800
Nominal Issued:
ZAR 792 000 000.00
Coupon Rate:
3 Month JIBAR plus 173 bps
Maturity Date:
21 May 2027
Debt Security Code:
DSY07
ISIN:
ZAG000186818
Nominal Issued:
ZAR 226 000 000.00
Coupon Rate:
3 Month JIBAR plus 180 bps
Maturity Date:
21 May 2029
Type of Debt Security:
Floating Rate Notes
Issue Date:
21 June 2022
Issue Price:
100%
Interest Commencement Date:
21 June 2022
Interest Determination Dates:
For each Interest Period, the first Business Day of that Interest
Period, provided that the Interest Rate Determination Date for the
first Interest Period will be 15 June 2022
First Interest Payment Date:
21 August 2022
Interest Payment Dates:
21 February, 21 May, 21 August and 21 November of each
calendar year to the Redemption Date
Last Day to Register:
By 17h00 on 10 February, 10 May, 10 August and 10 November of
each year until the Redemption Date
Books Close:
11 February, 11 May, 11 August and 11 November in each year
until the Redemption Date
Business Day Convention:
Modified Following Business Day
Final Maturity Amount:
100% of the aggregate Outstanding Nominal Amount
Other:
The pricing supplements do contain additional terms and
conditions or changes to the terms and conditions as contained in
the DMTN Programme
Summary of Additional Terms:
Please refer to the rights of cancellation provisions contained in
the pricing supplements
Programme Amount:
ZAR 10 000 000 000.00
Total Notes in Issue Under Programme:
ZAR 8 818 000 000.00, inclusive of these issuance of notes
Dealer:
Rand Merchant Bank, a division of FirstRand Bank Limited
20 June 2022
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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Disclaimer
Discovery Limited published this content on 20 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2022 14:23:04 UTC.
Discovery Limited is an insurance group organized around 2 areas of activity:
- health insurance and life insurance (61.4% of revenues): activity conducted in the United Kingdom (56% of revenues) and South Africa (44%) ;
- placement funds management (35.6%) ;
- other (3%).
DISCOVERY LIMITED 
