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New Financial Instrument Listing Announcement – IBL298
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 – IBL298
Application has been made to the JSE Limited ("JSE") for the listing of R300,000,000 (three
hundred million Rand) senior unsecured floating rate Notes (stock code IBL298), under
Investec Bank Limited's Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL298 Notes will be issued to Noteholders on the date of listing being
6 June 2024 with effect from commencement of trade.
Salient features of the IBL298 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 6 June 2024
Aggregate Nominal Amount of Tranche 1 R300,000,000 (three hundred
million Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate 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
Issue Date to, but excluding, the
Maturity Date
Margin For the period from and including
the Issue Date to but excluding the
Optional Redemption Date 1.05%;
and
For the period from and including
the Optional Redemption Date to
but excluding the Maturity Date
1.15%
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 6 June 2027
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)
Early Redemption at the option of the Issuer (Call) Applicable.
The Optional Redemption Date is
6 June 2026 (such date being
subject to the applicable Business
Day Convention)
Early Redemption Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to, but excluding, Optional
Redemption Date) plus Breakage
Costs (if any)
Interest Commencement Date 6 June 2024
Books Close Dates The Register will be closed from
(i) 25 February to 6 March, 28
May to 6 June, 28 August to 6
September and from 27
November to 6 December until
the Applicable Redemption
Date; or
(ii) 9 days prior to any Payment
Day
Last Day to Register 24 February, 27 May, 27 August
and 26 November 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 6 March, 6 June, 6
September and 6 December 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 6 September 2024
Business Day Convention Following Business Day
JSE Stock Code IBL298
ISIN ZAG000205949
Aggregate Nominal Amount of Notes Outstanding ZAR40,019,941,515 (forty billion
in the Series including this issuance but excluding nineteen million nine hundred and
all other issuances on this Issue Date forty one thousand five hundred 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: 5 June 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 05-06-2024 05:00:00
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