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New Financial Instrument Listing Announcement – IBL302
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 – IBL302
Application has been made to the JSE Limited ("JSE") for the listing of R500,000,000 (five
hundred million Rand) senior unsecured mixed rate Notes (stock code IBL302), under
Investec Bank Limited's Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL302 Notes will be issued to Noteholders on the date of listing being 2 August 2024
with effect from commencement of trade.
Salient features of the IBL302 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 2 August 2024
Aggregate Nominal Amount of Tranche R500,000,000 (five hundred 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 Optional
Redemption Date, 8.93% naca;
For the period from and including the
Optional Redemption Date to but excluding
the Maturity Date, the Reference Rate plus
the Margin
Margin 1.05%
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 2 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)
Early Redemption at the option of the Issuer Applicable
(Call)
The Optional Redemption Date is 2 August
2025 (such date being subject to the
applicable Business Day Convention as
specified in the Applicable Pricing
Supplement)
Optional Redemption Amount The aggregate outstanding Nominal
Amount (plus accrued unpaid interest, if
any, to, but excluding, the Optional
Redemption Date)
Interest Commencement Date 2 August 2024
Books Close Dates The Register will be closed from
23 July 2025 to 2 August 2025,
23 October 2025 to 2 November 2025,
23 January 2026 to 2 February 2026,
22 April 2026 to 2 May 2026 and
23 July 2026 to 2 August 2026 (including
the first day but excluding the last day of
each period) until the Applicable
Redemption Date, or 10 days prior to, but
excluding, any Payment Day
Last Day to Register 22 July 2025, 22 October 2025,
22 January 2026, 21 April 2026 and
22 July 2026 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 2 August 2025, 2 November 2025,
2 February 2026, 2 May 2026 and 2 August
2026. If any such day is not a Business
Day, the Business Day on which interest
will be paid, will be 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 IBL302
ISIN ZAG000207499
Aggregate Nominal Amount of Notes R37,762,942,150 (thirty seven billion seven
Outstanding in the Series including this hundred and sixty two million nine hundred
issuance but excluding all other issuances on and forty two thousand one hundred and
this Issue Date thirty Rand) including this Tranche of Notes
but excluding all other Notes and
Programme Preference Shares issued on Issue Date
The Pricing Supplement does not contain any the
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: 1 August 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 01-08-2024 12:21:00
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