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INVESTEC BANK LIMITED - Initial Issue Of Ibetn1 Exchange Traded Notes - ETNS - IBETN1

Release Date: 07/10/2016 16:46
Code(s): IBETN1     PDF:  
Wrap Text
Initial Issue Of Ibetn1 Exchange Traded Notes -
ETN’S - IBETN1

 Investec Bank Limited
 Incorporated in the Republic of South Africa
 Registration number 1969/004763/06
 JSE share code: IBETN1
 ISIN: ZAE000230306


INVESTEC BANK LIMITED: INITIAL ISSUE OF IBETN1 EXCHANGE TRADED NOTES
(“ETN’S”): IBETN1


Application was made to the JSE Limited (“JSE”) for the listing of 35 000 ETN’S under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme
dated 4 September 2013, for an aggregate subscription price of USD 35 000 000
(equivalent to ZAR 488 320 910 using a ZAR/USD exchange rate of 13.95206).

The 35 000 IBETN1 ETN’s will be issued to subscribers on the date of listing being 19
October 2016 with effect from commencement of trade.

Salient features of the IBETN1 ETN’s are listed below:

     Issuer                    Investec Bank Limited
     Instrument                Exchange Traded Note
     Reference                 USD
     Yield                     USD 1 month LIBOR less 0.1%
     Redemption date           19 October 2046
     Issue price per share     USD 100 000 cents (equivalent to ZAR 1 395 203 cents)
     Redemption price per      USD 100 000 cents
     share

     JSE Share Code            IBETN1
     ISIN                      ZAE000230306



7 October 2016
Johannesburg

Sponsor:
Investec Bank Limited

Date: 07/10/2016 04:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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