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New Financial Instrument Listing Announcement – IBL239
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 – IBL239
Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (Fifty
Million Rand) senior unsecured floating rate Notes (stock code IBL239), under Investec Bank
Limited’s Domestic Medium Term Note and Preference Share Programme, dated 17 March
2021.
The IBL239 Notes will be issued to Noteholders on the date of listing being 18 July 2022
with effect from commencement of trade.
Salient features of the IBL239 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 18 July 2022
Aggregate Nominal Amount of Tranche R50,000,000 (Fifty Million Rand)
Nominal Amount per Note R1,000,000
Interest Rate the Reference Rate
Margin 2.05% (two point zero five percent)
Reference Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months,
plus the Margin, subject to the
Maximum Interest Rate
Interest Determination Date means the Interest Commencement
Date and every Interest Payment
Date thereafter
Maximum Interest Rate 10.25% nacq (ten point two five
percent nominal annual
compounded quarterly)
Maturity Date 18 July 2027
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 18 July 2022
Books Close Dates The Register will be closed from 9
July to 18 July, 9 October to 18
October, 9 January to 18 January
and 9 April to 18 April (all dates
inclusive) in each year until the
Applicable Redemption Date, or 10
days prior to any Payment Day
Last Day to Register 8 July, 8 October, 8 January and 8
April 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 18 July, 18 October, 18 January and
18 April of each year, provided that
the first Interest Payment Date shall
be on 18 October 2022. 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)
Business Day Convention Following Business Day
JSE Stock Code IBL239
ISIN ZAG000188251
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but R47,495,103,400 (forty seven
excluding all other issuances on this Issue Date billion four hundred and ninety five
million one hundred and three
The Pricing Supplement does not contain any thousand and four hundred Rand)
additional terms and conditions or changes to the including this Tranche of Notes but
terms and conditions as contained in the excluding all other Notes and
Programme Memorandum. Programme Preference Shares
issued on the Issue Date
Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes.
Date: 15 July 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 15-07-2022 10:05:00
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