Wrap Text
New Financial Instrument Listing Announcement – IBL300
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 – IBL300
Application has been made to the JSE Limited ("JSE") for the listing of ZAR180,000,000 (one
hundred and eighty million Rand) senior unsecured floating rate Notes (stock code IBL300),
under Investec Bank Limited's Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.
The IBL300 Notes will be issued to Noteholders on the date of listing being
18 June 2024 with effect from commencement of trade.
Salient features of the IBL300 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 18 June 2024
Aggregate Nominal Amount of Tranche 1 ZAR180,000,000 (one hundred and
eighty million Rand)
Nominal Amount per Note ZAR1,000,000 (one million Rand)
Interest Rate 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
Issue Date to, but excluding, the
Maturity Date
Margin For the period from and including
the Issue Date to but excluding the
Optional Redemption Date 1.05%;
and
For the period from and including
the Optional Redemption Date to
but excluding the Maturity Date
1.15%
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 18 June 2027 (such date being
subject to 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, to,
but excluding, the Maturity Date)
Early Redemption at the option of the Issuer (Call) Applicable.
The Optional Redemption Date is
18 June 2026 (such date being
subject to the applicable Business
Day Convention)
Optional Redemption Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to, but excluding, Optional
Redemption Date)
Interest Commencement Date 18 June 2024
Books Close Dates The Register will be closed from and
including 9 March to but excluding
18 March, from and including 9 June
to but excluding 18 June, from and
including 9 September to but
excluding 18 September and from
and including 9 December to but
excluding 18 December in each
year until the Applicable
Redemption Date, or 9 days prior to
any Payment Day until but
excluding the Payment Date
Last Day to Register 8 March, 8 June, 8 September and
8 December 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 18 March, 18 June,
18 September and 18 December of
each year, provided that the first
Interest Payment Date shall be on
18 September 2024. 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 IBL300
ISIN ZAG000206244
Aggregate Nominal Amount of Notes Outstanding ZAR40,449,941,515.47 (forty billion
in the Series including this issuance but excluding and four hundred and forty nine
all other issuances on this Issue Date million, nine hundred and forty one
thousand five hundred and fifteen
Rand and forty seven cents)
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: 14 June 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 14-06-2024 09:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
