Wrap Text
New Financial Instrument Listing Announcement – IBL269
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 – IBL269
Application has been made to the JSE Limited (“JSE”) for the listing of R245,000,000 (two
hundred and forty five million Rand) senior unsecured mixed rate Notes (stock code IBL269,
ZAG000194473), under Investec Bank Limited’s Domestic Medium Term Note and
Preference Share Programme, dated 17 March 2021.
The IBL269 Notes will be issued to Noteholders on the date of listing being 9 March 2023
with effect from commencement of trade.
Salient features of the IBL269 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 9 March 2023
Aggregate Nominal Amount of Tranche R245,000,000 (two hundred and
forty five million Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate For the period from and including
the Issue Date to but excluding the
Interest Payment Date of
9 September 2024, the Reference
Rate plus the Margin;
For the period from and including
the Interest Payment Date of
9 September 2024 to but excluding
the Maturity Date, 9.05% nacq
Margin 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 9 March 2026
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 9 March 2023
Books Close Dates The Register will be closed from
28 February to 9 March, 31 May to
9 June, 31 August to 9 September
and 30 November to 9 December
(all dates inclusive) until the
Applicable Redemption Date, or 10
days prior to any Payment Day
Last Day to Register 27 February, 30 May, 30 August
and 29 November 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 9 March, 9 June,
9 September and 9 December,
provided that the first Interest
Payment Date shall be on 9 June
2023. 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 IBL269
ISIN ZAG000194473
Aggregate Nominal Amount of Notes Outstanding As at the date of this issue, the
in the Series including this issuance but Issuer has issued Notes in the
excluding all other issuances on this Issue Date aggregate total amount of
R43,866,589,015 (forty three billion
eight hundred sixty six million five
hundred eighty nine thousand and
fifteen Rand) under the Programme,
including this Tranche.
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: 8 March 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 08-03-2023 11:20:00
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