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INVESTEC BANK LIMITED - New Financial Instrument Listing Announcement - IBL179

Release Date: 12/08/2021 09:30
Code(s): IBL179     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - IBL179

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 - IBL179

Application has been made to the JSE Limited (“JSE”) for the listing of R300,000,000 (Three
Hundred Million Rand) senior unsecured floating rate Notes (stock code IBL179), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme
dated 17 March 2021.

The IBL179 Notes will be issued to Noteholders on the date of listing being 13 August 2021
with effect from commencement of trade.

Salient features of the IBL179 Notes are listed below:


Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               13 August 2021

Aggregate Nominal Amount of Tranche                      ZAR300,000,000 (Three Hundred
                                                         Million Rand)

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            3 month JIBAR plus the Margin

Interest Determination Date                              The Interest Commencement Date

Margin                                                   0.93% for the period beginning on
                                                         and including the Issue Date to and
                                                         excluding the Maturity Date

Maximum Interest Rate                                    Not Applicable

Maturity Date                                            15 November 2021

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                               13 August 2021
Books Close Period                                  The Register will be closed from 6
                                                    November 2021 to 15 November
                                                    2021 or 10 days prior to any
                                                    Payment Day

Last Day to Register                                Close of business on the Business
                                                    Day immediately preceding the first
                                                    day of a Books Close Period

Interest Payment Dates                              15 November 2021

Business Day Convention                             Following Business Day

JSE Stock Code                                      IBL179

ISIN                                                ZAG000178872

Aggregate Nominal Amount of Notes Outstanding       ZAR42,395,500,000
in the Series excluding this issuance and any
other issuance on this 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 2021
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za

Date: 12-08-2021 09:30:00
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