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New Financial Instrument Listing Announcement – IBL286
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 – IBL286
Application has been made to the JSE Limited ("JSE") for the listing of R55,000,000 (fifty
five million Rand) senior unsecured mixed rate Notes (stock code IBL286), under Investec
Bank Limited's Domestic Medium Term Note and Preference Share Programme, dated
17 March 2021.
The IBL286 Notes will be issued to Noteholders on the date of listing being
29 February 2024 with effect from commencement of trade.
Salient features of the IBL286 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 29 February 2024
Aggregate Nominal Amount R55,000,000 (fifty five million Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate The Note will have an Interest Rate
of
(a) the Reference Rate plus the
Margin (1.75%) for the period from
the Issue Date to but excluding the
Conversion Date of 28 February
2027 (as adjusted by the applicable
Business Day Convention); and
(b) If the conditions set out in
43(ii)(b)(i) are met, 18.65% minus
ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
for the period commencing on (and
including) the Conversion Date and
ending on the Maturity Date; or
(c) if the conditions described in
43(ii)(b)(ii) are met, a fixed rate of
9.80% nacq for the period
commencing on (and including) the
Conversion Date and ending on the
Maturity Date.
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 28 February 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)
Early Redemption Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to the date of redemption,
minus Breakage Costs)
Interest Commencement Date 29 February 2024
Books Close Dates The Register will be closed from
19 February to 28 February, 19 May
to 28 May, 19 August to 28 August
and 19 November to 28 November
(all dates inclusive) in each year
until the Applicable Redemption
Date, or 10 days prior to any
Payment Day
Last Day to Register 18 February, 18 May, 18 August
and 18 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 28 February, 28 May,
28 August and 28 November of
each year, provided that the first
Interest Payment Date shall be on
28 May 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 Modified Following Business Day
JSE Stock Code IBL286
ISIN ZAG000203555
Aggregate Nominal Amount of Notes R41,371,089,015.00 (forty one
Outstanding in the Series billion three hundred and seventy
including this issuance but one million eighty nine thousand
excluding all other issuances and fifteen Rand)
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: 28 February 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 28-02-2024 10:55:00
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