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Investec Bank Limited - New Financial Instrument Listing
Investec Bank Limited
New Financial Instrument Listing
Announcement
ISSUE OF IBL141 SENIOR UNSECURED MIXED RATE NOTES (“IBL141 NOTES”)
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 IBL141), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme
dated 10 December 2018.
The IBL141 Notes will be issued to Noteholders on the date of listing being 19 February
2020 with effect from commencement of trade.
Salient features of the IBL141 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 19 February 2020
Nominal Amount per Note R1,000,000
Interest Rate 7.615% for the period from and
including the Issue Date to but
excluding 20 August 2020;
3 month JIBAR plus the Margin for
the period from and including 20
August 2020 until but excluding 20
February 2023.
Interest Determination Date The Issue Date, 20 February, 20
May, 20 August and 20 November
in each year, provided that there
shall not be an Interest Rate
Determination Date on 20 February
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 1.175%
Maturity Date 20 February 2023
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 February 2020
Books Close Period The Register will be closed from 10
February to 20 February, 10 May to
20 May, 10 August to 20 August and
10 November to 20 November (all
dates inclusive) in each year;
or 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 February, 20 May, 20 August
and 20 November in each year,
provided that the first Interest
Payment Date shall be on 20 May
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 IBL141
ISIN ZAG000166380
Aggregate Nominal Amount of Notes Outstanding R500,000,000
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 February 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 18-02-2020 08:00:00
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