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New Financial Instrument Listing Announcement – IBL287
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 – IBL287
Application has been made to the JSE Limited ("JSE") for the listing of R250,000,000 (two
hundred and fifty million Rand) Senior Unsecured Floating Rate Notes (stock code IBL287),
under Investec Bank Limited's Domestic Medium Term Note and Preference Share
Programme dated 17 March 2021.
The IBL287 Notes will be issued to Noteholders on the date of listing being
29 February 2024 with effect from commencement of trade.
Salient features of the IBL287 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 29 February 2024
Aggregate Nominal Amount R250,000,000 (two hundred and
fifty million Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate The Note will have an Interest Rate
of
(a) the Reference Rate plus the
Margin (0.95%) for the period from
the Issue Date to but excluding the
Optional Redemption Date; and
(b) From and including the Optional
Redemption Date until but
excluding the Maturity Date, the
Reference Rate plus the 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
Optional Redemption Date 28 February 2025 (as adjusted in
accordance with the applicable
Business Day Convention)
Optional Redemption Amount the Early Redemption Amount
Maturity Date 28 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 Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to the date of redemption)
Interest Commencement Date 29 February 2024
Books Close Dates The Register will be closed from
19 February to 28 February, 19 May
to 28 May, 19 August to 28 August
and 19 November to 28 November
(all dates inclusive) in each year
until the Applicable Redemption
Date, or 10 days prior to any
Payment Day
Last Day to Register 18 February, 18 May, 18 August
and 18 November in each year, 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 28 February, 28 May,
28 August and 28 November of
each year, provided that the first
Interest Payment Date shall be on
28 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 IBL287
ISIN ZAG000203563
Aggregate Nominal Amount of Notes R41,316,089,015 (forty one billion
Outstanding in the Series three hundred and sixteen million
including this issuance but eighty nine thousand and fifteen
excluding all other issuances Rand) only
on this Issue Date
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: 28 February 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 28-02-2024 12:10:00
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