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New Financial Instrument Listing Announcement – IBL292
Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/004763/06)
Issuer code: BIINLP
LEI No: 549300RH5FFHO48FXT69
New Financial Instrument Listing Announcement – IBL292
Application has been made to the JSE Limited ("JSE") for the listing of R1,000,000,000 (one
billion Rand) senior unsecured mixed rate Notes (stock code IBL292), under Investec Bank
Limited's Domestic Medium Term Note and Preference Share Programme, dated
17 March 2021.
The IBL292 Notes will be issued to Noteholders on the date of listing being
15 April 2024 with effect from commencement of trade.
Salient features of the IBL292 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 15 April 2024
Aggregate Nominal Amount of Tranche 1 R1,000,000,000 (one billion Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate The Notes will be Fixed Rate Notes,
with an Interest Rate of 9.10% nacq,
for the period from and including the
Issue Date to, but excluding, the
Optional Redemption Date (as
described below).
The Notes will be Floating Rate
Notes with the Interest Rate being
the Reference Rate plus the Margin,
for the period from and including the
Optional Redemption Date to, but
excluding, the Maturity Date
Margin 1.05%
Reference Rate The ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
Interest Determination Date The Interest Commencement Date
and every Interest Payment Date
thereafter
Maturity Date 15 April 2026
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, to
the Maturity Date)
Early Redemption at the option of the Issuer (Call) Applicable.
The Optional Redemption Date is
15 April 2025 (such date being
subject to the applicable Business
Day Convention).
Early Redemption Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to the Maturity Date) plus
Breakage Costs (if any)
Interest Commencement Date 15 April 2024
Books Close Dates The Register will be closed from
(i) 6 April to 15 April, 6 July to
15 July, 6 October to
15 October and 6 January to
15 January (all dates inclusive)
until the Applicable
Redemption Date; or
(ii) 10 days prior to any Payment
Day
Last Day to Register 5 April, 5 July, 5 October and
5 January or if such day is not a
Business Day, the Business Day
before each Books Closed Period,
or, if (ii) above is applicable, the last
Business Day immediately
preceding the commencement of
the Books Closed Period
Interest Payment Dates means 15 April, 15 July, 15 October
and 15 January each year. If any
such day is not a Business Day, the
Business Day on which interest will
be paid, as determined in
accordance with the applicable
Business Day Convention (as
specified in this Applicable Pricing
Supplement), with the first Interest
Payment Date being 15 July 2024
Business Day Convention Following Business Day
JSE Stock Code IBL292
ISIN ZAG000204371
Aggregate Nominal Amount of Notes Outstanding ZAR40,902,941,515 (forty billion
in the Series including this issuance but excluding nine hundred and two million nine
all other issuances on this Issue Date hundred forty one thousand five
hundred and fifteen Rand)
The Pricing Supplement does not contain any
additional terms and conditions or changes to the
terms and conditions as contained in the
Programme Memorandum
Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes
Date: 11 April 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 11-04-2024 08:01:00
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