Enhanced Investments - Financial Portal

PPH PEP07 PEP08 - Listing Of New Financial Instruments

Published: 2024-03-05 11:00:20 ET

PEPKOR HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share Code: PPH
ISIN: ZAE000247995
Debt Code: PPHI
LEI: 3789006D677C34F69875
Bond code: PEP07 ISIN: ZAG000203423
Bond code: PEP08 ISIN: ZAG000203431
(“Pepkor” or the “Group”)


LISTING OF NEW FINANCIAL INSTRUMENTS

Pepkor successfully raised R2.2 billion in the South African bond market following an auction held
on Monday 4 March 2024. Strong demand from investors resulted in an oversubscription of 2.1
times.

Pepkor’s Domestic Medium Term Note Programme dated 2 March 2020 (the “Programme”) is
part of its strategy to diversify its sources of funding and to reduce its cost of funding. Proceeds
from the notes issued will be used to reduce debt, thereby further strengthening the Group's
liquidity and debt repayment profile.

Pepkor’s net debt as at 30 September 2023 amounted to R7.6 billion and remains well within
targeted gearing levels.

Pepkor therefore hereby notifies shareholders and noteholders that the JSE Limited has granted
the listings of its PEP07 and PEP08 Senior Unsecured Floating Rate Notes effective 7 March
2024, in terms of its Programme and guaranteed by Pepkor Trading Proprietary Limited.




                                                                                                  1
Debt Security Code:               PEP07

ISIN:                             ZAG000203423

Type of Debt Security             Floating Rate Notes

Nominal Issued:                   R 878 000 000.00

Coupon Rate:                      3 Month JIBAR plus 114 basis points

Maturity Date:                    6 March 2027



Debt Security Code:               PEP08

ISIN:                             ZAG000203431

Type of Debt Security:            Floating Rate Notes

Nominal Issued:                   R 1 290 000 000.00

Coupon Rate:                      3 Month JIBAR plus 124 basis points

Maturity Date:                    6 March 2029



Issue Date:                       7 March 2024

Issue Price:                      100%

Interest Commencement Date:       7 March 2024

Interest Determination Date(s):   6 March, 6 June, 6 September and 6
                                  December of each year until the respective
                                  Maturity Dates, with the first Interest Rate
                                  Determination Date being 4 March 2024

First Interest Payment Date:      6 June 2024

Interest Payment Date(s):         6 March, 6 June, 6 September and 6
                                  December of each year until the respective
                                  Maturity Dates

Last Day to Register:             By 17h00 on 23 February, 26 May, 26
                                  August and 25 November of each year until
                                  the respective Maturity Dates.




                                                                                 2
Books Close:                            24 February to 5 March, 27 May to 5 June,
                                        27 August to 5 September and 26
                                        November to 5 December (all dates
                                        inclusive) of each year until the respective
                                        Maturity Dates.

Business Day Convention:                Following Business Day

Final Maturity Amount:                  100 percent of Nominal Amount

Other                                   The pricing supplements do not contain
                                        additional terms and conditions or changes
                                        to the terms and conditions as contained in
                                        the Programme

Summary of Additional Terms             Not Applicable

Programme Amount:                       R 10 000 000 000.00

Total Notes in Issue Under Programme:   R 3 604 000 000.00, exclusive of these
                                        issuances of notes

Dealer:                                 FirstRand Bank Limited, acting through its
                                        Rand Merchant Bank division




                                                                                       3
Parow

5 March 2024


Debt sponsor and Corporate broker

Rand Merchant Bank (a division of FirstRand Bank Limited)

Equity sponsor

Investec Bank Limited




                                                            4

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.