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 IBL145 SENIOR UNSECURED FLOATING RATE NOTES (“IBL145 NOTES”)

Application has been made to the JSE Limited (“JSE”) for the listing of R200 000 000 (Two
Hundred Million Rand) senior unsecured floating rate Notes (stock code IBL145), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme
dated 10 December 2018.

The IBL145 Notes will be issued to Noteholders on the date of listing being 20 March 2020
with effect from commencement of trade.

Salient features of the IBL145 Notes are listed below:


Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               20 March 2020

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            3 month JIBAR plus the Margin

Interest Rate Determination Date                         20 March, 20 June, 20 September
                                                         and 20 December in each year with
                                                         the first Interest Rate Determination
                                                         Date being 11 March 2020 (the
                                                         Trade Date) and the second Interest
                                                         Rate Determination Date being 20
                                                         June 2020.
                                                         If any such day is not a Business
                                                         Day, the Business Day on which
                                                         interest will be determined will be as
                                                         determined in accordance with the
                                                         applicable         Business       Day
                                                         Convention (as specified in this
                                                         Applicable Pricing Supplement)

Margin                                                   1.85%
Maximum Interest Rate                                    8.75% nacq
Maturity Date                                            20 March 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)

Interest Commencement Date                          20 March 2020

Books Close Period                                  The Register will be closed from 11
                                                    March to 20 March, 11 June to 20
                                                    June,11     September      to     20
                                                    September and 11 December to
                                                    2011 December (all dates inclusive)
                                                    in each year; or the 10 days prior to
                                                    any Payment Day.

Last Day to Register                                Close of business on the Business
                                                    Day immediately preceding the first
                                                    day of a Books Close Period

Interest Payment Dates                              20 March, 20 June, 20 September
                                                    and 20 December in each year,
                                                    provided that the first Interest
                                                    Payment Date shall be on 20 June
                                                    2020.
                                                    If any such day is not a Business
                                                    Day, the Business Day on which
                                                    interest will be paid will be 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                                      IBL145

ISIN                                                ZAG000167255

Aggregate Nominal Amount of Notes Outstanding       R200,000,000
in the Series after this issuance

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: 20 March 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za

Date: 16-03-2020 03:55:00
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