Wrap Text
New Financial Instrument Listing Announcement – IBL228
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 – IBL228
Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (Fifty
Million Rand) senior unsecured floating rate Notes (stock code IBL228), under Investec Bank
Limited’s Domestic Medium Term Note and Preference Share Programme, dated 17 March
2021.
The IBL228 Notes will be issued to Noteholders on the date of listing being 9 June 2022 with
effect from commencement of trade.
Salient features of the IBL228 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 9 June 2022
Aggregate Nominal Amount of Tranche R50,000,000 (Fifty Million Rand)
Nominal Amount per Note R1,000,000
Interest Rate the Reference Rate
Margin 2.05% (two point zero five percent)
Reference Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months,
plus the Margin, subject to the
Maximum Interest Rate
Interest Determination Date means the Interest Commencement
Date and every Interest Payment
Date thereafter
Maximum Interest Rate 9.50% nacq (nine point five zero
percent nominal annual
compounded quarterly)
Maturity Date 9 June 2027
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 9 June 2022
Books Close Dates The Register will be closed from 30
May to 9 June, 30 August to 9
September, 29 November to 9
December and 27 February to 9
March (all dates inclusive) in each
year until the Applicable
Redemption Date, or 10 days prior
to any Payment Day
Last Day to Register 29 May, 29 August, 28 November
and 26 February in each year, or if
such day is not a Business Day, the
Business Day before each Books
Closed Period, or the last Business
Day immediately preceding the
commencement of the Books
Closed Period
Interest Payment Dates means 9 June, 9 September, 9
December and 9 March of each
year, provided that the first Interest
Payment Date shall be on 9
September 2022. 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)
Business Day Convention Following Business Day
JSE Stock Code IBL228
ISIN ZAG000186693
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but R45,992,103,400 (Forty Five Billion
excluding all other issuances on this Issue Date Nine Hundred and Ninety Two
Million One Hundred and Three
Thousand Four Hundred Rand)
including this Tranche of Notes but
excluding all other Notes and
Programme Preference Shares
issued on the Issue Date
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: 6 June 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 06-06-2022 04:40:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
