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New Financial Instrument Listing Announcement – IBL309
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 – IBL309
Application has been made to the JSE Limited ("JSE") for the listing of R350,000,000 (three
hundred and fifty million Rand) Senior Unsecured Floating Rate Notes (stock code IBL309),
under Investec Bank Limited's Domestic Medium Term Note and Preference Share
Programme dated 17 March 2021.
The IBL309 Notes will be issued to Noteholders on the date of listing being
9 December 2024 with effect from commencement of trade.
Salient features of the IBL309 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 9 December 2024
Aggregate Nominal Amount R350,000,000 (three 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 9 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 9 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 9 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 9 December 2024
Books Close Dates The Register will be closed from
27 February to 9 March, 30 May to
9 June, 30 August to 9 September
and 29 November to 9 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 26 February, 29 May, 29 August
and 28 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 9 March, 9 June,
9 September and 9 December of
each year, provided that the first
Interest Payment Date shall be on
9 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 IBL309
ISIN ZAG000211343
Aggregate Nominal Amount of Notes Outstanding R41,021,451,616 (forty one billion
in the Series including this issuance but excluding twenty one million four hundred and
all other issuances on this Issue Date 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: 6 December 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 06-12-2024 11:20:00
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