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New Financial Instrument Listing Announcement – IBL267
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 – IBL267
Application has been made to the JSE Limited (“JSE”) for the listing of R800,000,000 (eight
hundred million Rand) senior unsecured floating rate Notes (stock code IBL267), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL267 Notes will be issued to Noteholders on the date of listing being
16 February 2023 with effect from commencement of trade.
Salient features of the IBL267 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 16 February 2023
Aggregate Nominal Amount of Tranche R800,000,000 (eight hundred
million Rand)
Nominal Amount per Note R1,000,000
Interest Rate Floating Rate
Margin 1.45% for the period from and
including the Interest
Commencement Date until but
excluding the Optional Redemption
Date (as referred to below); and
1.60% for the period from and
including the Optional Redemption
Date until but excluding the date of
redemption
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 16 February 2028
Optional Redemption Date 16 February 2027
Optional Redemption Amount the Nominal Amount plus accrued,
unpaid interest, if any, to the date of
redemption
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 16 February 2023
Books Close Dates The Register will be closed from 7
February to 16 February, 7 May to
16 May, 7 August to 16 August and
7 November to 16 November (all
dates inclusive) in each year until
the Applicable Redemption Date, or
10 days prior to any Payment Day
Last Day to Register 6 February, 6 May, 6 August and 6
November 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 16 February, 16 May, 16
August and 16 November of each
year, provided that the first Interest
Payment Date shall be on 16 May
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 IBL267
ISIN ZAG000193673
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but ZAR45,751,441,515.00 (forty-five
excluding all other issuances on this Issue Date billion seven hundred and fifty one
million four hundred and forty one
thousand five hundred and fifteen
Rand) under the Programme
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: 15 February 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 15-02-2023 01:55:00
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