INVESTEC BANK LIMITED - Investec Bank Limited - New Financial Instrument Listing

Investec Bank Limited - New Financial Instrument Listing

 Investec Bank Limited

 New Financial Instrument Listing
 Announcement


ISSUE OF IBL136 SENIOR UNSECURED FLOATING RATE NOTES (“IBL136 NOTES”)

Application has been made to the JSE Limited (“JSE”) for the listing of R180 000 000 (One
Hundred and Eighty Million Rand) senior unsecured floating rate Notes (stock code IBL136),
under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme dated 10 December 2018.

The IBL136 Notes will be issued to Noteholders on the date of listing being 22 November
2019 with effect from commencement of trade.

Salient features of the IBL136 Notes are listed below:


Issuer                                                   Investec Bank Limited
Instrument                                               Senior unsecured Notes
Issue Date                                               22 November 2019
Nominal Amount per Note                                  R1,000,000
Interest Rate                                            3 month JIBAR Linked plus the
                                                         Margin
Interest Determination Date                              22 November, 22 February, 22 May
                                                         and 22 August, as adjusted in
                                                         accordance with the Applicable
                                                         Business Day Convention
Margin                                                   1.40% until but excluding 22
                                                         November 2021;
                                                         2.00% from and including 22
                                                         November 2021

Maturity Date                                            22 November 2024
Maximum Interest Rate                                    8.11% until but excluding 22
                                                         November 2021
                                                         9.27% from and including 22
                                                         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                               22 November 2019
Books Close Period                                       12 November to 22 November, 12
                                                         February to 22 February, 12 May to
                                                         22 May and 12 August to 22 August
                                                         (all dates inclusive) or 10 days prior
                                                         to any Payment Date
Last Day to Register                                Close of business on the Business
                                                    Day immediately preceding the first
                                                    day of a Books Close Period
Interest Payment Dates                              22 November, 22 February, 22 May
                                                    and 22 August, as adjusted in
                                                    accordance with the Applicable
                                                    Business Day Convention.
Business Day Convention                             Following Business Day
JSE Stock Code                                      IBL136
ISIN                                                ZAG000164625
Aggregate Nominal Amount of Notes Outstanding       R180,000,000 (One Hundred and
in the Series after this issuance                   Eighty Million 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: 21 November 2019
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za

Date: 21/11/2019 12:37:00
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