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New Financial Instrument Listing Announcement - IBL154
Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/004763/06)
Issuer code: BIINLP
New Financial Instrument Listing Announcement
ISSUE OF IBL154 SENIOR UNSECURED FLOATING RATE NOTES (“IBL154 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of R435 000 000 (Four
Hundred and Thirty Five Million Rand) senior unsecured floating rate Notes (stock code
IBL154), under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme dated 10 December 2018.
The IBL154 Notes will be issued to Noteholders on the date of listing being 19 November
2020 with effect from commencement of trade.
Salient features of the IBL154 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 19 November 2020
Nominal Amount per Note R1,000,000
Interest Rate 3 month JIBAR plus the Margin
Interest Rate Determination Date 19 November, 19 February, 19 May
and 19 August in each year with the
first Interest Rate Determination
Date being 19 November 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 1.05%
Maximum Interest Rate Not Applicable
Maturity Date 19 November 2025
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 19 November 2020
Books Close Period The Register will be closed from 10
February to 19 February, 10 May to
19 May, 10 August to 19 August and
10 November to 19 November (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 19 February, 19 May, 19 August
and 19 November in each year,
provided that the first Interest
Payment Date shall be on 19
February 2021.
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 IBL154
ISIN ZAG000172750
Aggregate Nominal Amount of Notes Outstanding R435,000,000
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: 18 November 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 18-11-2020 04:25:00
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