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New Financial Instrument Listing – IBL306
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 – IBL306
Application has been made to the JSE Limited ("JSE") for the listing of R500,000,000 (five
hundred million Rand) Senior Unsecured Floating Rate Notes (stock code IBL306), under
Investec Bank Limited's Domestic Medium Term Note and Preference Share Programme
dated 17 March 2021.
The IBL306 Notes will be issued to Noteholders on the date of listing being
20 November 2024 with effect from commencement of trade.
Salient features of the IBL306 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 20 November 2024
Aggregate Nominal Amount R500,000,000 (five hundred million
Rand)
Nominal Amount per Note R1,000,000 (one million Rand) as at
the Issue Date
Interest Rate The Note will have an Interest Rate
of
(a) the Reference Rate minus the
Margin (2.25%) for the period from
and including the Issue Date to but
excluding the Optional Redemption
Date of 20 November 2028 (as
adjusted in accordance with the
applicable Business Day
Convention); and
(b) the Reference Rate minus the
Margin (2.10%) for the period from
and including the Optional
Redemption Date of 20 November
2028 (as adjusted in accordance
with the applicable Business Day
Convention) to but excluding the
Applicable Redemption Date
Reference Rate The Reference Rate for each
Interest Period is determined on
each Interest Determination Date
within that Interest Period as the
sum of each of the daily Prime
Rates quoted by the Issuer during
the Calculation Period applicable to
such Interest Period divided by the
number of days in that Calculation
Period.
Calculation Period the first Calculation Period means
the period from and including the
date which is 3 Business Days prior
to the Issue Date to but excluding
the first Interest Determination Date
and thereafter, each Calculation
Period will be the period from and
including the immediately preceding
Interest Determination Date to and
excluding the following Interest
Determination Date
Interest Determination Date 3 Business Days prior to each
Interest Payment Date
Maturity Date 20 November 2029
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, up
to, but excluding, the Maturity Date)
Early Redemption Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, up to, but excluding, the date of
redemption)
Interest Commencement Date 20 November 2024
Books Close Dates The Register will be closed from
10th to 20th day of each calendar
month (inclusive of the first day and
exclusive of the last day) in each
year until the Applicable
Redemption Date, or
10 days prior to, but excluding, any
Payment Day
Last Day to Register The 9th day of each calendar month
in each year, or if such day is not a
Business Day, the Business Day
before each Books Closed Period,
or the last Business Day
immediately preceding the
commencement of the Books
Closed Period
Interest Payment Dates means 20th day of each calendar
month provided that the first Interest
Payment Date shall be on
20 December 2024. 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 the
Applicable Pricing Supplement)
Business Day Convention Following Business Day
JSE Stock Code IBL306
ISIN ZAG000210642
Aggregate Nominal Amount of Notes Outstanding R41,511,451,616 (forty one billion
in the Series including this issuance but excluding five hundred and eleven million four
all other issuances on this Issue Date hundred and fifty one thousand six
hundred and sixteen 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: 19 November 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 19-11-2024 09:52:00
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