Wrap Text
New Financial Instrument Listing Announcement – IBL304
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 – IBL304
Application has been made to the JSE Limited ("JSE") for the listing of R300,000,000 (three
hundred million Rand) senior unsecured mixed rate Notes (stock code IBL304), under
Investec Bank Limited's Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL304 Notes will be issued to Noteholders on the date of listing being 13 August 2024
with effect from commencement of trade.
Salient features of the IBL304 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 13 August 2024
Aggregate Nominal Amount of Tranche R300,000,000 (three hundred million Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest/Payment Basis Mixed Rate Notes
Interest Rate For the period from and including the Issue
Date to but excluding 13 August 2026 (as
adjusted in accordance with the applicable
Business Day Convention), 8.53% naca
(Fixed Rate Notes).
For the period from and including
13 August 2026 (as adjusted in accordance
with the applicable Business Day
Convention) to but excluding the Maturity
Date, the Reference Rate plus the Margin
(Floating Rate Notes).
Margin 1.05%
Reference Rate For the Floating Rate Notes, ZAR-JIBAR-
SAFEX with a Designated Maturity of 3
months
Interest Determination Date For the Floating Rate Notes, 13 August
2025 (as adjusted in accordance with the
applicable Business Day Convention) and
every Interest Payment Date thereafter
Maturity Date 13 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. 13 August 2025 (as adjusted in
(Call) accordance with the applicable Business
Day Convention)
Optional Redemption Amount The Nominal Amount per Note plus
accrued, unpaid interest, if any, up to (but
excluding) 13 August 2025 (as adjusted in
accordance with the applicable Business
Day Convention) less Unwind Costs (if
any).
Interest Commencement Date 13 August 2024
Books Close Dates 2 August 2025 to 13 August 2025 in relation
to the Fixed Rate Notes, and 2 November
to 13 November, 2 February to 13
February, 2 May to 13 May and 2 August to
13 August for the Floating Rate Notes,
(including the first day but excluding the last
day in each such period) until the
Applicable Redemption Date, or 10 days
prior to, but excluding, any Payment Day
Last Day to Register 1 August 2025 for the Fixed Rate Notes,
and 1 November, 1 February, 1 May and 1
August for the Floating Rate Notes, or if any
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 In relation to the Fixed Rate Notes, 13
August 2025 and in relation to the Floating
Rate Notes, 13 November, 13 February, 13
May and 13 August. 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
Business Day Convention Following Business Day
JSE Stock Code IBL304
ISIN ZAG000207853
Aggregate Nominal Amount of Notes ZAR37,837,942,150 (thirty seven billion
Outstanding in the Series including this eight hundred and thirty seven million nine
issuance but excluding all other issuances on hundred and forty two thousand one
this Issue Date hundred and fifty 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: 12 August 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 12-08-2024 10:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
