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New Financial Instrument Listing Announcement – IBL283
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 – IBL283
Application has been made to the JSE Limited ("JSE") for the listing of R100,000,000 (one
hundred million Rand) senior unsecured Floating Rate Notes (stock code IBL283), under
Investec Bank Limited's Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL283 Notes will be issued to Noteholders on the date of listing being
17 January 2024 with effect from the commencement of trade.
Salient features of the IBL283 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 17 January 2024
Aggregate Nominal Amount R100,000,000 (one hundred million
Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate 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
Issue Date to, but excluding, the
Interest Payment Date of
17 January 2029
Margin 1.25%
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 17 January 2029
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)
Interest Commencement Date 17 January 2024
Books Close Dates The Register will be closed from
(i) 8 April to 17 April, 8 July to
17 July, 8 October to
17 October and 8 January to
17 January (all dates inclusive)
until the Applicable
Redemption Date, or,
(ii) 10 days prior to any Payment
Day
Last Day to Register 7 April, 7 July, 7 October and
7 January 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 17 April, 17 July, 17 October and
17 January, provided that the first
Interest Payment Date shall be on
17 April 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 IBL283
ISIN ZAG000202425
Aggregate Nominal Amount of Notes Outstanding R43,810,589,015 (forty three billion
in the Series including this issuance but excluding eight hundred and ten million five
all other issuances on this Issue Date hundred and eighty nine thousand
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: 16 January 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 16-01-2024 02:10:00
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