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New Financial Instrument Listing Announcement – IBL288
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 – IBL288
Application has been made to the JSE Limited ("JSE") for the listing of R250,000,000 (two
hundred and fifty million Rand) senior unsecured Floating Rate Notes (stock code IBL288),
under Investec Bank Limited's Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.
The IBL288 Notes will be issued to Noteholders on the date of listing being
22 March 2024 with effect from the commencement of trade.
Salient features of the IBL288 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 22 March 2024
Aggregate Nominal Amount R250,000,000 (two hundred and
fifty million Rand)
Nominal Amount per Note R1,000,000 (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
Interest Payment Date of
22 March 2029
Margin 1.25%
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 22 March 2029
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 22 March 2024
Books Close Dates The Register will be closed from
(i) 13 June to 22 June,
13 September to
22 September, 13 December
to 22 December, and 13 March
to 22 March (all dates
inclusive) until the Applicable
Redemption Date, or,
(ii) 9 days prior to any Payment
Day
Last Day to Register 12 June, 12 September,
12 December and 12 March 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 22 March, 22 June, 22 September
and 22 December, provided that the
first Interest Payment Date shall be
on 22 June 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 IBL288
ISIN ZAG000204041
Aggregate Nominal Amount of Notes Outstanding R41,621,589,015 (forty one billion
in the Series including this issuance but six hundred and twenty one million
excluding all other issuances on this five hundred eighty nine thousand
Issue Date 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: 19 March 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 19-03-2024 12:46:00
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