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INVESTEC BANK LIMITED - New Financial Instrument Listing Announcement IBL224

Release Date: 16/05/2022 17:15
Code(s): IBL224     PDF:  
Wrap Text
New Financial Instrument Listing Announcement – IBL224

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 – IBL224

Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (fifty
million Rand) senior unsecured fixed rate Notes (stock code IBL224), under Investec Bank
Limited’s Domestic Medium Term Note and Preference Share Programme, dated 17 March

The IBL224 Notes will be issued to Noteholders on the date of listing being 17 May 2022
with effect from commencement of trade.

Salient features of the IBL224 Notes are listed below:

Issuer                                              Investec Bank Limited

Instrument                                          Senior unsecured Notes

Issue Date                                          17 May 2022

Aggregate Nominal Amount of Tranche                 R50,000,000 (fifty million Rand)

Nominal Amount per Note                             R1,000,000

Interest Rate                                       8.40% nacs

Interest Determination Date                         means the Interest Commencement
                                                    Date and every Interest Payment
                                                    Date thereafter

Maximum Interest Rate                               N/A

Maturity Date                                       17 May 2025

Issue price per Note                                00%

Final Redemption Amount per Note                    The Nominal Amount per Note (plus
                                                    accrued unpaid interest, if any, to
                                                    the Maturity Date)

Interest Commencement Date                          17 May 2022

Books Close Dates                                   The Register will be closed from 8
                                                    May to 17 May and from 8
                                                    November to 17 November (all
                                                    dates inclusive) in each year until
                                                    the Applicable Redemption Date, or
                                                    10 days prior to any Payment Day

Last Day to Register                                7 May and 7 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 17 May and 17 November of
                                                    each year, provided that the first
                                                    Interest Payment Date shall be on
                                                    17 November 2022. 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                                      IBL224

ISIN                                                ZAG000186008

Aggregate Nominal Amount of Notes Outstanding       R45,948,103,400 (forty-five billion
in the Series excluding this issuance but           nine hundred and forty-eight million
including all other issuances on this Issue Date    one hundred and three thousand
                                                    and four hundred 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: 16 May 2022
Debt Sponsor:
Investec Bank Limited

Date: 16-05-2022 05:15:00
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