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New Financial Instrument Listing Announcement – IBL299
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 – IBL299
Application has been made to the JSE Limited ("JSE") for the listing of R250,000,000 (two
hundred fifty million Rand) senior unsecured mixed rate Notes (stock code IBL299), under
Investec Bank Limited's Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL299 Notes will be issued to Noteholders on the date of listing being
7 June 2024 with effect from commencement of trade.
Salient features of the IBL299 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 7 June 2024
Aggregate Nominal Amount of Tranche 1 R250,000,000 (two hundred fifty
million 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 9.13% 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 7 June 2026
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, to,
but excluding, the Maturity Date)
Early Redemption at the option of the Issuer (Call) Applicable.
The Optional Redemption Date is
7 June 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, but excluding, Optional
Redemption Date) plus Breakage
Costs (if any)
Interest Commencement Date 7 June 2024
Books Close Dates The Register will be closed from
(i) 26 February to 7 March, 29
Mary to 7 June, 29 August to 7
September 28 November to 7
December until the Applicable
Redemption Date; or
(ii) 9 days prior to any Payment
Day
Last Day to Register 25 February, 28 May, 28 August
and 27 November 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 7 March, 7 June, 7
September and 7 December 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 7 September 2024
Business Day Convention Following Business Day
JSE Stock Code IBL299
ISIN ZAG000205998
Aggregate Nominal Amount of Notes Outstanding ZAR40,019,941,515 (forty billion
in the Series including this issuance but excluding one hundred and nineteen million
all other issuances on this Issue Date nine hundred and 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: 6 June 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 06-06-2024 09:30:00
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