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New Financial Instrument Listing Announcement – IBL301
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 – IBL301
Application has been made to the JSE Limited ("JSE") for the listing of ZAR1,002,000,000
(one billion two million Rand) senior unsecured floating rate Notes (stock code IBL301),
under Investec Bank Limited's Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.
The IBL301 Notes will be issued to Noteholders on the date of listing being
16 July 2024 with effect from commencement of trade.
Salient features of the IBL301 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 16 July 2024
Aggregate Nominal Amount of Tranche 1 ZAR1,002,000,000 (one billion two
million Rand)
Nominal Amount per Note ZAR1,000,000 (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
Maturity Date
Margin For the period from and including
the Issue Date to but excluding the
Optional Redemption Date 1.05%;
and
For the period from and including
the Optional Redemption Date to
but excluding the Maturity Date
1.15%
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 16 July 2027 (such date being
subject to the applicable Business
Day Convention)
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, to,
but excluding, the Maturity Date)
Early Redemption at the option of the Issuer (Call) Applicable.
The Optional Redemption Date is
16 July 2026 (such date being
subject to the applicable Business
Day Convention)
Optional Redemption Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to, but excluding, Optional
Redemption Date)
Interest Commencement Date 16 July 2024
Books Close Dates The Register will be closed from 6
January to 16 January, 6 April to 16
April, 6 July to 16 July and 6
October to 16 October (including the
first day but excluding the last day of
each period) until the Applicable
Redemption Date, or 10 days prior
to any Payment Day until but
excluding the Payment Date
Last Day to Register 5 January, 5 April, 5 July and 5
October 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 16 January, 16 April, 16 July
and 16 October of each year,
provided that the first Interest
Payment Date shall be on
16 October 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 this
Applicable Pricing Supplement)
Business Day Convention Following Business Day
JSE Stock Code IBL301
ISIN ZAG000206988
Aggregate Nominal Amount of Notes Outstanding ZAR38,687,941,515 (thirty eight
in the Series including this issuance but excluding billion six hundred and eighty seven
all other issuances on this Issue Date million nine hundred and forty one
thousand five hundred 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: 15 July 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 15-07-2024 12:20:00
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