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New Financial Instrument Listing Announcement – IBL324
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 – IBL324
Application has been made to the JSE Limited ("JSE") for the listing of ZAR300,000,000
(three hundred million Rand) Senior Unsecured Mixed Rate Notes (stock code IBL324),
under Investec Bank Limited's Domestic Medium-Term Note and Preference Share
Programme dated 17 March 2021.
The IBL324 Notes will be issued to Noteholders on the date of listing being
18 June 2025 with effect from commencement of trade.
Salient features of the IBL324 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 18 June 2025
Aggregate Nominal Amount ZAR300,000,000 (three hundred
million Rand)
Nominal Amount per Note R1,000,000 (one million Rand) as at
the Issue Date
Interest Rate The Note will be
(a) Fixed Rate Notes for the period
from and including the Issue Date to
but excluding the Interest Payment
Date of 17 June 2026 (as adjusted
in accordance with the applicable
Business Day Convention) paying
8.00% naca; and
(b) Floating Rate Notes for the
period from and including the
Interest Payment Date of
17 June 2026 (as adjusted in
accordance with the applicable
Business Day Convention) to but
excluding the Maturity Date paying
Reference Rate plus a margin of
0.90%.
Reference Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months or,
if ZAR-JIBAR-SAFEX ceases to be
the approved Reference Rate, the
replacement Reference Rate
(together with a spread (if
applicable)) determined by the
Calculation Agent in its sole
discretion taking into account
prevailing market practice and any
spread published by a
governmental authority or industry
body and notified to the Noteholders
in accordance with Condition
19 (Notices)
Interest Determination Date in relation the Floating Rate Notes,
17 June 2026 (as adjusted in
accordance with the applicable
Business Day Convention) and
every Interest Payment Date
thereafter up to but excluding the
Maturity Date
Maturity Date 17 June 2027 (as adjusted in
accordance with the applicable
Business Day Convention)
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, up
to, but excluding, the Maturity Date)
Early Redemption Amount The aggregate outstanding Nominal
Amount plus accrued interest, if
any, up to (but excluding) the
applicable Early Redemption Date,
less Unwind Costs (if any)
Interest Commencement Date 18 June 2025
Books Close Dates The Register will be closed from
(i) in relation to the Fixed Rate
Notes from 7 June 2026 to 17 June
2026 and in relation to the Floating
Rate Notes from 7 September 2026
to 17 September 2026, 7 December
2026 to 17 December 2026,
7 March 2027 to 17 March 2027 and
7 June 2027 to 17 June 2027
(including the first day but excluding
the last day in each such period),
until the Applicable Redemption
Date, or
(ii) 10 days prior to, but excluding,
any Payment Day
Last Day to Register 6 June 2026 for the Fixed Rate
Notes and 6 September 2026,
6 December 2026, 6 March 2027
and 6 June 2027 for the Floating
Rate Notes, or if any such day is not
a Business Day, the Business Day
before each Books Closed Period,
or, if item (ii) above is applicable, the
last Business Day immediately
preceding the commencement of
the Books Closed Period
Interest Payment Dates in relation to the Fixed Rate Notes,
17 June 2026 and thereafter in
relation to the Floating Rate Notes,
17 June, 17 September,
17 December and 17 March of each
year provided that, if any such day
is not a Business Day, the Business
Day on which interest will be paid,
will be as determined in accordance
with the applicable Business Day
Convention
Business Day Convention Following Business Day
JSE Stock Code IBL324
ISIN ZAG000216433
Aggregate Nominal Amount of Notes Outstanding ZAR39,801,600,000 (thirty-nine
in the Series including this issuance but excluding billion eight hundred and one million
all other issuances on this Issue Date six hundred thousand Rand)
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: 17 June 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 17-06-2025 03:30:00
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