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INVESTEC BANK LIMITED - New Financial Instrument Listing Announcement IBL310

Release Date: 11/12/2024 11:40
Code(s): IBL310     PDF:  
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New Financial Instrument Listing Announcement – IBL310

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 – IBL310

Application has been made to the JSE Limited ("JSE") for the listing of R450,000,000 (four
hundred and fifty million Rand) Senior Unsecured Floating Rate Notes (stock code IBL310),
under Investec Bank Limited's Domestic Medium-Term Note and Preference Share
Programme dated 17 March 2021.

The IBL310 Notes will be issued to Noteholders on the date of listing being
13 December 2024 with effect from commencement of trade.

Salient features of the IBL310 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior Unsecured Notes

Issue Date                                               13 December 2024


Aggregate Nominal Amount                                 R450,000,000 (four hundred and
                                                         fifty million Rand)

Nominal Amount per Note                                  R1,000,000 (one million Rand) as at
                                                         the Issue Date

Interest Rate                                            The Note will have an Interest Rate
                                                         of

                                                         (a) the Reference Rate plus the
                                                         Margin (0.875%) for the period from
                                                         and including the Issue Date to but
                                                         excluding the Interest Step-Up Date
                                                         of 13 December 2025 (as adjusted
                                                         in accordance with the applicable
                                                         Business Day Convention); and

                                                         (b) the Reference Rate plus the
                                                         Margin (0.975%) for the period from
                                                         and including the Interest Step-Up
                                                         Date of 13 December 2025 (as
                                                         adjusted in accordance with the
                                                         applicable      Business        Day
                                                         Convention) to but excluding the
                                                         Applicable Redemption Date

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                              The Interest Commencement Date
                                                         and every Interest Payment Date
                                                         thereafter up to, but excluding the
                                                         Maturity Date

Maturity Date                                            13 December 2026

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 Redemption Date)

Interest Commencement Date                               13 December 2024

Books Close Dates                                        The Register will be closed from
                                                         3 March to 13 March, 3 June to 13
                                                         June, 3 September to 13 September
                                                         and 3 December to 13 December
                                                        (including the first day but excluding
                                                         the last day of each period) in each
                                                         year      until     the    Applicable
                                                         Redemption Date, or

                                                         10 days prior to, but excluding, any
                                                         Payment Day

Last Day to Register                                     2 March, 2 June, 2 September and
                                                         2 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 13 March, 13 June,
                                                         13 September and 13 December of
                                                         each year, provided that the first
                                                         Interest Payment Date shall be on
                                                         13 March 2025. 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 (as specified in the
                                                         Applicable Pricing Supplement)

Business Day Convention                                  Following Business Day

JSE Stock Code                                           IBL310

ISIN                                                     ZAG000211459

Aggregate Nominal Amount of Notes Outstanding            R41,571,451,616 (forty one billion
in the Series including this issuance but excluding      five hundred and seventy one
all other issuances on this Issue Date                   million four hundred and fifty one
                                                         thousand six hundred and sixteen
                                                         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: 11 December 2024

Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za

Date: 11-12-2024 11:40:00
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