Lewis Group Limited

_{Our role}

Investec is proud to have acted as Joint Lead Manager on Lewis Group Limited's (“Lewis”) domestic medium-term note programme ("DMTN") bond auction, supporting Lewis’ funding strategy. Through the expertise in our Debt Capital Markets and Investment Banking teams, Investec supported Lewis’ access to the South African debt capital markets, assisting with the execution of the bond issuance process and facilitating engagement with institutional investors; reinforcing investor confidence in the strength of the business and its long-term growth prospects.

Transaction overview

Lewis accessed the South African debt capital markets via a bond auction under its DMTN. The transaction was met with exceptional investor demand, successfully raising R1.1 billion and attracting participation from 16 institutional investors. Priced at the tightest margins achieved by Lewis to date, the transaction highlights the robust market demand, strength of the credit story as well as the value of our client-centric coverage model; where deep relationships, balance sheet support and capital markets expertise come together to deliver exceptional outcomes for our clients. The transaction forms part of Lewis Group's ongoing funding and capital management strategy, providing access to diversified sources of funding to support the group's operations and future growth objectives.

About Lewis Group Limited

Lewis Group Limited is a leading retailer of furniture, home appliances, electronic goods and homeware in Southern Africa. Through its portfolio of brands, including Lewis, Best Home & Electric, Beares, UFO, Bedzone, Real Beds and Monarch Insurance, the group serves a broad customer base across the region. The company was one of the first South African retailers to expand into Southern African markets and today operates an extensive footprint comprising 774 stores in South Africa and a further 144 stores across Namibia, Botswana, Lesotho and Eswatini. Lewis Group is listed on the Johannesburg Stock Exchange and has a long-established presence in the Southern African retail sector.