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New Financial Instrument Listing Announcement – IBL261
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 – IBL261
Application has been made to the JSE Limited (“JSE”) for the listing of R522,000,000 (five
hundred and twenty-two million Rand) senior unsecured floating rate Notes (stock code
IBL261), under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.
The IBL261 Notes will be issued to Noteholders on the date of listing being
31 January 2023 with effect from commencement of trade.
Salient features of the IBL261 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 31 January 2023
Aggregate Nominal Amount of Tranche R522,000,000 (five hundred and
twenty-two million Rand)
Nominal Amount per Note R1,000,000
Interest Rate the Reference Rate plus the Margin,
subject to the Maximum Interest
Rate
Margin 1.25%,
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 31 January 2026
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 31 January 2023
Books Close Dates The Register will be closed from
21 April to 30 April, 22 July to 31
July, 22 October to 31 October and
22 January to 31 January (all dates
inclusive) in each year until the
Applicable Redemption Date, or 10
days prior to any Payment Day
Last Day to Register 20 April, 21 July, 21 October and 21
January 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 30 April, 31 July, 31 October
and 31 January of each year,
provided that the first Interest
Payment Date shall be on 30 April
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 IBL261
ISIN ZAG000193335
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but ZAR43,701,441,515 (forty-three
excluding all other issuances on this Issue Date billion seven hundred and 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: 30 January 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 30-01-2023 05:00:00
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