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Listing of New Financial Instruments
PEPKOR HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share code: PPH
ISIN: ZAE000259479
Debt code: PPHI
LEI: 3789006D677C34F69875
Bond code: PEP09 ISIN: ZAG000212655
Bond code: PEP10 ISIN: ZAG000212663
("Pepkor" or the "Group")
LISTING OF NEW FINANCIAL INSTRUMENTS
Pepkor successfully raised R2.1 billion in the South African bond market following an auction held
on Wednesday, 5 March 2025. The auction attracted substantial investor demand, resulting in an
oversubscription of 1.6 times the offered amount - demonstrating the market's confidence in
Pepkor's financial strength and growth prospects.
Pepkor's Domestic Medium Term Note Programme (the "Programme") forms part of its strategy
to diversify funding sources while reducing and optimising its cost of funding.
Proceeds from the notes raised will be used to refinance existing debt while further strengthening
the Group's liquidity and debt repayment profile. This will allow the Group to continue to invest in
growth initiatives and capitalise on new opportunities as they arise.
Pepkor's net debt as at 30 September 2024 amounted to R7.3 billion and remains well within
targeted gearing levels.
Pepkor therefore hereby notifies shareholders and noteholders that the JSE Limited has granted
the listing of its PEP09 and PEP10 Senior Unsecured Floating Rate Notes effective 10 March
2025, in terms of its Programme dated 2 March 2020 and guaranteed by Pepkor Trading
Proprietary Limited.
Debt Security Code: PEP09
ISIN: ZAG000212655
Type of Debt Security: Floating Rate Notes
Nominal Issued: ZAR 1 041 000 000.00
Coupon Rate: 3 Month JIBAR plus 102 basis points
Maturity Date: 6 March 2028
Debt Security Code: PEP10
ISIN: ZAG000212663
Type of Debt Security: Floating Rate Notes
Nominal Issued: ZAR 1 042 000 000.00
Coupon Rate: 3 Month JIBAR plus 120 basis points
Maturity Date: 6 March 2030
Issue Date: 10 March 2025
Issue Price: 100%
Interest Commencement Date: 10 March 2025
Interest Determination Date(s): 6 March, 6 June, 6 September and 6
December of each year until the Maturity
Date (as adjusted in accordance with the
Applicable Business Day Convention), with
the first Interest Rate Determination Date
being 5 March 2025
First Interest Payment Date: 6 June 2025
Interest Payment Date(s): 6 March, 6 June, 6 September and 6
December of each year until the respective
Maturity Date
Last Day to Register: By 17h00 on 28 February, 31 May, 31
August and 30 November of each year until
the Maturity Date.
Books Close: 1 March to 5 March, 1 June to 5 June, 1
September to 5 September and 1
December to 5 December (all dates
inclusive) of each year until the Maturity
Date.
Business Day Convention: Following Business Day
Final Maturity Amount: 100 percent of Nominal Amount
Other: The pricing supplement does 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: ZAR 10 000 000 000.00
Total Notes in Issue Under Programme: ZAR 6 420 000 000.00, inclusive of these
issuances of notes
Dealer: FirstRand Bank Limited, acting through its
Rand Merchant Bank division
Parow
7 March 2025
Equity and Debt Sponsor
Investec Bank Limited
Date: 07-03-2025 11:00:00
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