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New Financial Instrument Listing Announcement – IBL278
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 – IBL278
Application has been made to the JSE Limited (“JSE”) for the listing of R100,000,000 (one
hundred million Rand) senior unsecured floating rate Notes (stock code IBL278), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL278 Notes will be issued to Noteholders on the date of listing being
24 August 2023 with effect from commencement of trade.
Salient features of the IBL278 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 24 August 2023
Aggregate Nominal Amount of Tranche R100,000,000 (one hundred
million Rand)
Nominal Amount per Note R1,000,000
Interest Rate Floating Rate, Reference Rate
plus Margin
Margin 1.10%
Reference Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months,
plus the Margin
Interest Determination Date means the Interest
Commencement Date and every
Interest Payment Date thereafter
Maturity Date 24 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 24 August 2023
Books Close Dates The Register will be closed from
15 February to 24 February, 15
May to 24 May, 15 August to 24
August and 15 November to 24
November (all dates inclusive) in
each year until the Applicable
Redemption Date, or 10 days prior
to any Payment Day
Last Day to Register 14 February, 14 May, 14 August
and 14 November in each year, 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 24 February, 24 May, 24
August and 24 November of each
year, provided that the first Interest
Payment Date shall be on 24
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 IBL278
ISIN ZAG000198714
Aggregate Nominal Amount of Notes Outstanding ZAR42,075,589,015 (forty-two
in the Series including this issuance but billion seventy-five million five
excluding all other issuances on this Issue Date hundred and eighty nine thousand
and fifteen Rand) under the
Programme
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: 23 August 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 23-08-2023 03:35:00
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