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New Financial Instrument Listing Announcement – IBL323
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 – IBL323
Application has been made to the JSE Limited ("JSE") for the listing of ZAR425,000,000
(four hundred and twenty five million Rand) Senior Unsecured Mixed Rate Notes (stock code
IBL323), under Investec Bank Limited's Domestic Medium-Term Note and Preference Share
Programme dated 17 March 2021.
The IBL323 Notes will be issued to Noteholders on the date of listing being
10 June 2025 with effect from commencement of trade.
Salient features of the IBL323 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 10 June 2025
Aggregate Nominal Amount ZAR425,000,000 (four hundred
and twenty five million Rand)
Nominal Amount per Note R1,000,000 (one million Rand) as
at the Issue Date
Interest Rate The Note will be
(a) Fixed Rate Notes for the period
from and including the Issue Date
to but excluding the Interest
Payment Date of 10 June 2026 (as
adjusted in accordance with the
applicable Business Day
Convention) paying 7.925% naca;
and
(b) Floating Rate Notes for the
period from and including the
Interest Payment Date of
10 June 2026 (as adjusted in
accordance with the applicable
Business Day Convention) to but
excluding the Maturity Date paying
Reference Rate plus a margin of
0.90%.
Reference Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
or, if ZAR-JIBAR-SAFEX ceases to
be the approved Reference Rate,
the replacement Reference Rate
(together with a spread (if
applicable)) determined by the
Calculation Agent in its sole
discretion taking into account
prevailing market practice and any
spread published by a
governmental authority or industry
body and notified to the
Noteholders in accordance with
Condition 19 (Notices)
Interest Determination Date in relation the Floating Rate Notes,
10 June 2026 (as adjusted in
accordance with the applicable
Business Day Convention) and
every Interest Payment Date
thereafter up to but excluding the
Maturity Date
Maturity Date 10 June 2027 (as adjusted in
accordance with the applicable
Business Day Convention)
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note
(plus accrued unpaid interest, if
any, up to, but excluding, the
Maturity Date)
Early Redemption Amount The aggregate outstanding
Nominal Amount plus accrued
interest, if any, up to (but
excluding) the applicable Early
Redemption Date, less Unwind
Costs (if any)
Interest Commencement Date 10 June 2025
Books Close Dates The Register will be closed from
(i) in relation to the Fixed Rate
Notes from 31 May 2026 to 10
June 2026 and in relation to the
Floating Rate Notes from 31
August 2026 to 10 September
2026, 30 November 2026 to 10
December 2026, 28 February 2027
to 10 March 2027 and 31 May
2027 to 10 June 2027 (including
the first day but excluding the last
day in each such period), until the
Applicable Redemption Date, or
(ii) 10 days prior to, but excluding,
any Payment Day
Last Day to Register 30 May 2026 for the Fixed Rate
Notes and 30 August 2026,
29 November 2026, 27 February
2027 and 30 May 2027 for the
Floating Rate Notes, or if any such
day is not a Business Day, the
Business Day before each Books
Closed Period, or, if item (ii) above
is applicable, the last Business Day
immediately preceding the
commencement of the Books
Closed Period
Interest Payment Dates in relation to the Fixed Rate Notes,
10 June 2026 and thereafter in
relation to the Floating Rate Notes,
10 June, 10 September,
10 December and 10 March of
each year provided that, 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 IBL323
ISIN ZAG000216201
Aggregate Nominal Amount of Notes Outstanding ZAR39,546,600,000 (thirty nine
in the Series including this issuance but billion five hundred forty six million
excluding all other issuances on this Issue Date and six hundred thousand 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: 6 June 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 06-06-2025 01:50:00
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