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New Financial Instrument Listing Announcement – IBL285
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 – IBL285
Application has been made to the JSE Limited ("JSE") for the listing of R500,000,000 (five
hundred million Rand) senior unsecured mixed rate Notes (stock code IBL285), under
Investec Bank Limited's Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL285 Notes will be issued to Noteholders on the date of listing being
23 February 2024 with effect from commencement of trade.
Salient features of the IBL285 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 23 February 2024
Aggregate Nominal Amount of Tranche 1 R500,000,000 (five hundred 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 8.99% nacq,
for the period from and including the
Issue Date to, but excluding, the
Interest Payment Date of
23 February 2025 (such date being
subject to the applicable Business
Day Convention)
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 Payment Date of
23 February 2025 (such date being
subject to the applicable Business
Day Convention) to, but excluding,
the Maturity Date
Margin 1.05%
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 23 February 2026
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 at the option of the Issuer (Call) Applicable.
The Optional Redemption Date is
25 February 2025
Early Redemption Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to the Maturity Date) plus
Breakage Costs (if any)
Interest Commencement Date 23 February 2024
Books Close Dates The Register will be closed from
(i) 14 to 23 May, 14 to 23 August,
14 to 23 November and
14 to 23 February (all dates
inclusive) until the Applicable
Redemption Date, or,
(ii) 10 days prior to any Payment
Day
Last Day to Register 13 May, 13 August, 13 November
and 13 February 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 23 May, 23 August,
23 November and 23 February of
each year, provided that the first
Interest Payment Date shall be on
23 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 Following Business Day
JSE Stock Code IBL285
ISIN ZAG000203340
Aggregate Nominal Amount of Notes Outstanding R42,066,089,105 (forty two billion
in the Series including this issuance but excluding sixty six million eighty nine thousand
all other issuances on this Issue Date and fifteen 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: 22 February 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 22-02-2024 02:40:00
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