Enhanced Investments - Financial Portal

DSYC01 & DSYC02-New Financial Instrument Listings

Published: 2025-05-21 14:31:28 ET

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

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.

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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.