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New Financial Instrument Listing Announcement – IBL294
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 – IBL294
Application has been made to the JSE Limited ("JSE") for the listing of R50,000,000 (fifty
million Rand) senior unsecured mixed rate Notes (stock code IBL294), under Investec Bank
Limited's Domestic Medium Term Note and Preference Share Programme, dated
17 March 2021.
The IBL294 Notes will be issued to Noteholders on the date of listing being
10 May 2024 with effect from commencement of trade.
Salient features of the IBL294 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 10 May 2024
Aggregate Nominal Amount of Tranche 1 R50,000,000 (fifty million Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate The Notes will be Fixed Rate Notes,
with an Interest Rate of 9.15% nacq,
for the period from and including the
Issue Date to, but excluding, the
Optional Redemption Date (as
described below).
The Notes will be Floating Rate
Notes with the Interest Rate being
the Reference Rate plus the Margin,
for the period from and including the
Optional Redemption Date to, but
excluding, the Maturity Date
Margin 1.05%
Reference Rate The ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
Interest Determination Date The Interest Commencement Date
and every Interest Payment Date
thereafter
Maturity Date 10 May 2026
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, to,
but excluding, the Maturity Date)
Early Redemption at the option of the Issuer (Call) Applicable.
The Optional Redemption Date is
10 May 2025 (such date being
subject to the applicable Business
Day Convention)
Early Redemption Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to, but excluding, Option
Redemption Date) plus Breakage
Costs (if any)
Interest Commencement Date 10 May 2024
Books Close Dates The Register will be closed from
(i) 1 February to 10 February,
1 May to 10 May,
1 August to 10 August and
1 November to 10 November
(all dates inclusive) until the
Applicable Redemption Date;
or
(ii) 9 days prior to any Payment
Day
Last Day to Register 31 January, 30 April, 31 July and
31 October or if such day is not a
Business Day, the Business Day
before each Books Closed Period,
or, if (ii) above is applicable, the last
Business Day immediately
preceding the commencement of
the Books Closed Period
Interest Payment Dates means 10 February, 10 May,
10 August and 10 November each
year. 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),
with the first Interest Payment Date
being 10 August 2024
Business Day Convention Following Business Day
JSE Stock Code IBL294
ISIN ZAG000205261
Aggregate Nominal Amount of Notes Outstanding ZAR40,213,941,515 (forty billion
in the Series including this issuance but excluding two hundred and thirteen million
all other issuances on this Issue Date nine hundred and forty one
thousand five hundred and fifteen
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: 9 May 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 09-05-2024 08:00:00
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