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New Financial Instrument Listing Announcement – IBL303
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 – IBL303
Application has been made to the JSE Limited ("JSE") for the listing of R75,000,000 (seventy
five million Rand) senior unsecured mixed rate Notes (stock code IBL303), under Investec
Bank Limited's Domestic Medium Term Note and Preference Share Programme, dated 17
March 2021.
The IBL303 Notes will be issued to Noteholders on the date of listing being
5 August 2024 with effect from commencement of trade.
Salient features of the IBL303 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 5 August 2024
Aggregate Nominal Amount of Tranche 1 R75,000,000 (seventy-five million
Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate The Notes will be Fixed Rate Notes,
with an Interest Rate of 8.70% nacq,
for the period from and including the
Issue Date to, but excluding, 5
August 2025 (the Interest Rate
Conversion Date).
The Notes will be Floating Rate
Notes with the Interest Rate being
the Reference Rate plus the Margin,
for the period from and including the
Interest Rate Conversion Date to,
but excluding, the Maturity Date
Margin 0.84%
Reference Rate The ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
Interest Determination Date The Interest Commencement Date,
the Interest Rate Conversion Date
and every Interest Payment Date
thereafter excluding the Maturity
Date
Maturity Date 5 August 2026
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, to,
but excluding, the Maturity Date)
Interest Commencement Date 5 August 2024
Books Close Dates The Register will be closed from
(i) 26 January to 5 February, 25
April to 5 May,
26 July to 5 August and
26 October to 5 November
(inclusive of the first date and
exclusive of the last date) until
the Applicable Redemption
Date; or
(ii) 10 days prior to but excluding
any Payment Day
Last Day to Register 25 January, 24 April, 25 July and 25
October each year or if such day is
not a Business Day, the Business
Day before each Books Closed
Period, or, if (ii) above is applicable,
the last Business Day immediately
preceding the commencement of
the Books Closed Period
Interest Payment Dates means 5 February, 5 May,
5 August and 5 November each
year. 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),
with the first Interest Payment Date
being 5 November 2024
Business Day Convention Following Business Day
JSE Stock Code IBL303
ISIN ZAG000207648
Aggregate Nominal Amount of Notes Outstanding ZAR37,837,942,150 (thirty-seven
in the Series including this issuance but excluding billion, eight hundred and thirty
all other issuances on this Issue Date seven million nine hundred and
forty-two thousand one hundred
and fifty 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: 2 August 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 02-08-2024 03:30:00
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