Wrap Text
New Financial Instrument Listing Announcement – IBL275
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 – IBL275
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 IBL275,
ZAG000196767), under Investec Bank Limited’s Domestic Medium Term Note and
Preference Share Programme, dated 17 March 2021.
The IBL269 Notes will be issued to Noteholders on the date of listing being 5 June 2023 with
effect from commencement of trade.
Salient features of the IBL275 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 5 June 2023
Aggregate Nominal Amount of Tranche R100,000,000 (one hundred million
Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate The Reference Rate plus the
Margin, up to the Maximum Interest
Rate
Margin 1.90%
Maximum Interest Rate 11.20% nacq
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 5 June 2028
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 5 June 2023
Books Close Dates
The Register will be closed from:
(i) 27 May to 5 June, 27 August
to 5 September, 26
November to 5 December
and 24 February to 5 March
(all dates inclusive) in each
year until the Applicable
Redemption Date; or
(ii) 10 days prior to any
Payment Day
Last Day to Register 26 May, 26 August, 25 November
and 23 February in each year, or if
such day is not a Business Day, the
Business Day before each Books
Closed Period, or, if item (ii) above
is applicable, the Business Day
immediately preceding the
commencement of the Books
Closed Period
Interest Payment Dates Means 5 June,
5 September, 5 December and 5
March each year provided that the
first Interest Payment Date shall be
on 5 September 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 IBL275
ISIN ZAG000196767
Aggregate Nominal Amount of Notes Outstanding As at the date of this issue, the
in the Series including this issuance but Issuer has issued Notes in the
excluding all other issuances on this Issue Date aggregate total amount of
ZAR43,551,589,015 (forty three
billion five hundred and fifty one
million five hundred eighty nine
thousand and fifteen Rand) under
the Programme, including this
Tranche.
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: 2 June 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 02-06-2023 02:30:00
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 
