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New Financial Instrument Listing Announcement – IBL325
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 – IBL325
Application has been made to the JSE Limited ("JSE") for the listing of ZAR200,000,000 (two hundred
million Rand) Senior Unsecured Mixed Rate Notes (stock code IBL325), under Investec Bank
Limited's Domestic Medium-Term Note and Preference Share Programme dated 17 March 2021.
The IBL325 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 IBL325 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 18 June 2025
Aggregate Nominal Amount ZAR200,000,000 (two 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
18 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
18 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,
18 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 18 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 8 June 2026 to 18 June 2026 and
in relation to the Floating Rate Notes
from 8 September 2026 to 18
September 2026, 8 December 2026 to
18 December 2026,
8 March 2027 to 18 March 2027 and 8
June 2027 to 18 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 7 June 2026 for the Fixed Rate Notes
and 7 September 2026,
7 December 2026, 7 March 2027 and 7
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, 18
June 2026 and thereafter in relation to
the Floating Rate Notes, 18 June, 18
September, 18 December and 18
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 IBL325
ISIN ZAG000216474
Aggregate Nominal Amount of Notes Outstanding in the ZAR39,879,600,000 (thirty nine billion
Series including this issuance but excluding all other eight hundred and seventy nine million
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 03:50:00
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