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New Financial Instrument Listing Announcement – IBL260
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 – IBL260
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 IBL260), under Investec Bank
Limited’s Domestic Medium Term Note and Preference Share Programme, dated 17 March
2021.
The IBL260 Notes will be issued to Noteholders on the date of listing being
28 December 2022 with effect from commencement of trade.
Salient features of the IBL260 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 28 December 2022
Aggregate Nominal Amount of Tranche R50,000,000 (Fifty Million Rand)
Nominal Amount per Note R1,000,000
Interest Rate the Reference Rate plus the Margin,
subject to the Maximum Interest
Rate
Maximum Interest Rate 10.09% nacq
Margin 1.95%, subject to the Maximum
Interest Rate
Reference Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months,
plus the Margin
Interest Determination Date means the Interest Commencement
Date and every Interest Payment
Date thereafter
Maturity Date 20 December 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 28 December 2022
Books Close Dates The Register will be closed from
11 March to 20 March, 11 June to
20 June, 11 September to
20 September and 11 December to
20 December (all dates inclusive) in
each year until the Applicable
Redemption Date, or 10 days prior
to any Payment Day
Last Day to Register 10 March, 10 June, 10 September
and 10 December 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 20 March, 20 June, 20
September and 20 December of
each year, provided that the first
Interest Payment Date shall be on
20 March 2023. 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 IBL260
ISIN ZAG000193020
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but ZAR44,231,441,515 (forty four
excluding all other issuances on this Issue Date billion two hundred and thirty one
million four hundred and forty one
The Pricing Supplement does not contain any thousand five hundred and fifteen
additional terms and conditions or changes to the Rand) under the Programme
terms and conditions as contained in the (including this Tranche)
Programme Memorandum.
Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes.
Date: 22 December 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 22-12-2022 11:45:00
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