| Thu 2 Oct 2025, 9:00 | | Listing of new financial instruments – R2039 and R2042 |
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Listing of new financial instruments – R2039 and R2042
REPUBLIC OF SOUTH AFRICA
Department of National Treasury
Issuer code: BIRSA
("National Treasury")
LISTING OF NEW FINANCIAL INSTRUMENTS – R2039 AND R2042
The JSE Limited ("JSE") has granted approval for the listing of Fixed Rate Notes ("Notes") under series
R2039 and R2042, respectively, issued under the Republic of South Africa's Domestic Multi Term Note
Programme dated 9 September 2019, as updated, supplemented and/or amended from time to time
("Programme Memorandum"), with effect from 3 October 2025.
Any capitalised terms not defined in this announcement shall have the meanings ascribed thereto in the section
of the Programme Memorandum headed "Terms and Conditions of the Notes".
R2039
The details pertaining to the issue of the R2039 Notes are as follows:
Instrument Code: R2039
International Securities Identification Number ZAG000219478
(ISIN):
Instrument Type: Fixed Rate Notes
Nominal Amount: ZAR1,250,000,000.00
Issue Date: 3 October 2025
Issue Price: AIP 99.85877
CP 99.77761
Interest Rate: 9.875 percent per annum payable semi-annually on each
Interest Payment Date
Coupon Rate Indicator: Fixed Rate
Interest Commencement Date: 30 September 2025
Interest Payment Date(s): 31 March and 30 September of each year up to and
including the Maturity Date or, if such day is not a
Business Day, the Business Day on which the interest will
be paid, as determined in accordance with the applicable
Business Day Convention (as specified in the applicable
pricing supplement ("APS")) with the first Interest
Payment Date being 31 March 2026
Interest Rate Determination Date(s): 31 March and 30 September (or the first Business Day of
each Interest Period) of each year until the Maturity Date
with the first Interest Rate Determination Date being
30 September 2025
Business Day Convention: Following Business Day
Last Day to Register: By 17h00 on 20 March and 19 September of each
calendar year until the Maturity Date or if such day is not
a Business Day, the Business Day immediately preceding
each Books Closed Period
Books Closed Period: The Register will be closed from 21st to 30th March and
20th to 29th September (all dates inclusive) of each year
until the Maturity Date, or if any early redemption occurs,
10 Days prior to the actual Redemption Date
Maturity Date: 31 March 2039
Final Redemption Amount: 100% of nominal issued
Total Notes in Issue as at 30 September 2025: ZAR4,255,080,069,049.39 (excluding the issuance of the
R2039 and R2042 Notes)
Other: The APS does not contain additional terms and conditions
or changes to the terms and conditions as contained in
the Programme. The APS is available on the National
Treasury's website:
https://investor.treasury.gov.za/Auction%20Information/F
orms/AllItems.aspx?RootFolder=%2FAuction%20Inform
ation%2FTerms%20and%20conditions%20of%20issue
%2FFixed%2Drate%20bonds&FolderCTID=0x01200063
A18B7D3C6F8049B5DA3C65F0DCE79E&View={74AD
58DF-A37B-4686-B839-618B7AC1674F}
R2042
The details pertaining to the issue of the R2042 Notes are as follows:
Instrument Code: R2042
International Securities Identification Number ZAG000219486
(ISIN):
Instrument Type: Fixed Rate Notes
Nominal Amount: ZAR1,250,000,000.00
Issue Date: 3 October 2025
Issue Price: AIP 99.88325
CP 99.80003
Interest Rate: 10.125 percent per annum payable semi-annually on
each Interest Payment Date
Coupon Rate Indicator: Fixed Rate
Interest Commencement Date: 30 September 2025
Interest Payment Date(s): 31 March and 30 September of each year up to and
including the Maturity Date or, if such day is not a
Business Day, the Business Day on which the interest will
be paid, as determined in accordance with the applicable
Business Day Convention (as specified in the APS), with
the first Interest Payment Date being 31 March 2026
Interest Rate Determination Date(s): 31 March and 30 September (or the first Business Day of
each Interest Period) of each year until the Maturity Date
with the first Interest Rate Determination Date being
30 September 2025
Business Day Convention: Following Business Day
Last Day to Register: By 17h00 on 20 March and 19 September of each
calendar year until the Maturity Date or if such day is not
a Business Day, the Business Day immediately preceding
each Books Closed Period
Books Closed Period: The Register will be closed from 21st to 30th March and
20th to 29th September (all dates inclusive) of each year
until the Maturity Date, or if any early redemption occurs,
10 Days prior to the actual Redemption Date
Maturity Date: 31 March 2042
Final Redemption Amount: 100% of nominal issued
Total Notes in Issue as at 30 September 2025: ZAR4,255,080,069,049.39 (excluding the issuance of the
R2039 and R2042 Notes)
Other: The APS does not contain additional terms and conditions
or changes to the terms and conditions as contained in
the Programme. The APS is available on the National
Treasury's website:
https://investor.treasury.gov.za/Auction%20Information/F
orms/AllItems.aspx?RootFolder=%2FAuction%20Inform
ation%2FTerms%20and%20conditions%20of%20issue
%2FFixed%2Drate%20bonds&FolderCTID=0x01200063
A18B7D3C6F8049B5DA3C65F0DCE79E&View={74AD
58DF-A37B-4686-B839-618B7AC1674F}
The Notes will be dematerialised in the Central Securities Depository (CSD) and settlement will take place
electronically in terms of the JSE rules.
T Bomela-Msomi
Director: Treasury Funding
012 315 5753 / +27 66 289 2492
Pretoria
2 October 2025
Debt Sponsor
One Capital
Date: 02-10-2025 09:00:00
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