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New Financial Instrument Listing Announcement – IBL277
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 – IBL277
Application has been made to the JSE Limited (“JSE”) for the listing of R100,000,000 (one
hundred million Rand) senior unsecured mixed rate Notes (stock code IBL277), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL277 Notes will be issued to Noteholders on the date of listing being 15 August 2023
with effect from commencement of trade.
Salient features of the IBL277 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 15 August 2023
Aggregate Nominal Amount of Tranche R100,000,000 (one hundred million
Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate The Note 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
Interest Payment Date of
15 February 2025.
The Note will be Fixed Rate Notes
with an Interest Rate of 8.91% nacq
for the period from and including the
Interest Payment Date of
15 February 2025 to but excluding
the Maturity Date.
Margin 1.075%
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 15 August 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 15 August 2023
Books Close Dates The Register will be closed from
(i) 6 August to 15 August,
6 November to 15 November,
6 February to 15 February and
6 May to 15 May (all dates
inclusive) until the Applicable
Redemption Date, or,
(ii) 10 days prior to any Payment
Day
Last Day to Register 25 July, 25 October, 25 January and
24 April 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 15 August, 15 November, 15
February and 15 May, provided that
the first Interest Payment Date shall
be on 15 November 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 IBL277
ISIN ZAG000198276
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but R41,975,589,015 (forty-one billion
excluding all other issuances on this Issue Date nine hundred and seventy five
million five hundred and eighty nine
thousand and fifteen Rand)
including this Tranche of Notes but
excluding all other Notes and
Programme Preference Shares
issued on the Issue Date
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: 14 August 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 14-08-2023 11:05:00
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