The Development Bank of Southern Africa Limited (DBSA) has issued a notification to noteholders regarding the upcoming interest payments for three of its bonds. The bank plays a crucial role in driving economic development and supporting infrastructure projects in the southern region of Africa. This announcement reaffirms DBSA’s commitment to meeting its financial obligations and delivering returns to its investors.
The interest payments are scheduled as follows:
Bond Code: DVF25 ISIN: ZAG000158197 Coupon: 9.458% Interest Amount Due: ZAR 23,273,676.33
Bond Code: DVF26 ISIN: ZAG000158205 Coupon: 9.598% Interest Amount Due: ZAR 5,144,790.96
Bond Code: DVF27 ISIN: ZAG000158213 Coupon: 9.788% Interest Amount Due: ZAR 31,626,234.74
These interest payments cover the period from April 3, 2023, to July 2, 2023. The DBSA has consistently demonstrated its commitment to transparency and maintaining strong relationships with its investors. By ensuring timely interest payments, the bank seeks to uphold its reputation for financial stability and reliability.
The payment date for all three bonds is set for July 3, 2023, following the business day convention. This allows investors to anticipate the receipt of their interest payments without delay.