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New Financial Instrument Listing Announcement – IBL305
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 – IBL305
Application has been made to the JSE Limited ("JSE") for the listing of R480,600,000 (four
hundred and eight million six hundred thousand Rand) Senior Unsecured Floating Rate
Notes (stock code IBL305), under Investec Bank Limited's Domestic Medium Term Note and
Preference Share Programme dated 17 March 2021.
The IBL305 Notes will be issued to Noteholders on the date of listing being
12 September 2024 with effect from commencement of trade.
Salient features of the IBL305 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 12 September 2024
Aggregate Nominal Amount R480,600,000 (four hundred and
eight million six hundred thousand
Rand)
Nominal Amount per Note R1,000 (one thousand Rand)
Interest Rate The Note will have an Interest Rate
of
(a) the Reference Rate plus the
Margin (0.95%) for the period from
and including the Issue Date to but
excluding the Interest Step-Up Date
of 12 September 2025 (as adjusted
in accordance with the applicable
Business Day Convention); and
(b) the Reference Rate plus the
Margin (1.05%) for the period from
and including the Interest Step-Up
Date of 12 September 2025 (as
adjusted in accordance with the
applicable Business Day
Convention) to but excluding the
Applicable Redemption Date
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 12 September 2026
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 12 September 2024
Books Close Dates The Register will be closed from
2 December to 12 December,
2 March to 12 March, 2 June to
12 June and 2 September to
12 September (including the first
day but excluding the last day of
each period) in each year until the
Applicable Redemption Date, or
10 days prior to, but excluding, any
Payment Day
Last Day to Register 1 December, 1 March, 1 June and
1 September 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 12 December, 12 March,
12 June and 12 September of each
year, provided that the first Interest
Payment Date shall be on
12 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 IBL305
ISIN ZAG000208703
Aggregate Nominal Amount of Notes Outstanding R41,371,363,766 (forty one billion
in the Series including this issuance but excluding three hundred and seventy one
all other issuances on this Issue Date million three hundred and sixty three
thousand seven hundred and sixty
six 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: 10 September 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 10-09-2024 11:30:00
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