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INVESTEC BANK LIMITED - New Financial Instrument Listing Announcement - IBL132

Release Date: 13/08/2019 10:01
Code(s): IBL132     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - IBL132

 Investec Bank Limited

 New Financial Instrument Listing
 Announcement


ISSUE OF IBL132 SENIOR UNSECURED FLOATING RATE NOTES (“IBL132 NOTES”)

Application has been made to the JSE Limited (“JSE”) for the listing of R225,000,000 (Two
Hundred and Twenty Five Million Rand) senior unsecured floating rate Notes (stock code
IBL132), under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme dated 10 December 2018.

The IBL132 Notes will be issued to Noteholders on the date of listing being 14 August 2019
with effect from commencement of trade.

Salient features of the IBL132 Senior Unsecured Floating Rate Notes are listed below:


Issuer                                                 Investec Bank Limited
Instrument                                             Senior unsecured Notes
Issue Date                                             14 August 2019
Nominal Amount per Note                                R1,000,000
Interest Rate                                          3 month JIBAR Linked plus the
                                                       Margin
Margin                                                 1.75% (one point seven five
                                                       percent)
Maximum Interest Rate                                  8.83% (eight point eight three
                                                       percent)
Maturity Date                                          12 August 2024
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                             14 August 2019
Books Close                                            2     August     to    12    August,
                                                       2 November to 12 November, 2
                                                       February to 12 February and 2 May
                                                       to 12 May (all dates inclusive) in
                                                       each year until the Applicable
                                                       Redemption Date, 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                                 means 12 August, 12 November, 12
                                                       February and 12 May of each year
                                                       or, if 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                                         IBL132
ISIN                                                   ZAG000161654

Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes.

Date: 13 August 2019
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za

Date: 13/08/2019 10:01:00
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