INVESTEC BANK LIMITED - Investec Bank Limited - New Financial Instrument Listing

Investec Bank Limited - New Financial Instrument Listing

 Investec Bank Limited

 New Financial Instrument Listing
 Announcement


ISSUE OF IBL140 SENIOR UNSECURED FLOATING RATE NOTES (“IBL140 NOTES”)

Application has been made to the JSE Limited (“JSE”) for the listing of R200 000 000 (Two
Hundred Million Rand) senior unsecured floating rate Notes (stock code IBL140), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme
dated 10 December 2018.

The IBL140 Notes will be issued to Noteholders on the date of listing being 14 February
2020 with effect from commencement of trade.

Salient features of the IBL140 Notes are listed below:


Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               14 February 2020

Nominal Amount per Note                                  R100,000

Interest Rate                                            3 month JIBAR linked plus the
                                                         Margin

Interest Determination Date                              14 February, 14 May, 14 August
                                                         and 14 November, as adjusted in
                                                         accordance with the Applicable
                                                         Business Day Convention

Optional Redemption Date                                 14 February 2021

Margin                                                   1.00% from and including Issue
                                                         Date to and excluding 14 February
                                                         2021; and
                                                         1.10% from and including 14
                                                         February 2021 to and excluding the
                                                         Maturity Date

Maturity Date                                            14 February 2022

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                          14 February 2020

Books Close Period                                  5 February to 14 February, 5 May to
                                                    14 May, 5 August to 14 August and
                                                    5 November to 14 November (all
                                                    dates inclusive) or 10 days prior to
                                                    any Payment Date

Last Day to Register                                Close of business on the Business
                                                    Day immediately preceding the first
                                                    day of a Books Close Period

Interest Payment Dates                              14 February, 14 May, 14 August
                                                    and 14 November, as adjusted in
                                                    accordance with the Applicable
                                                    Business Day Convention

Business Day Convention                             Following Business Day

JSE Stock Code                                      IBL140

ISIN                                                ZAG000166281

Aggregate Nominal Amount of Notes Outstanding       Zero
in the Series after this issuance

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: 13 February 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za

Date: 13-02-2020 10:35:00
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