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New Financial Instrument Listing Announcement – IBL263
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 – IBL263
Application has been made to the JSE Limited (“JSE”) for the listing of R1,000,000,000 (one
billion Rand) senior unsecured floating rate Notes (stock code IBL263), under Investec Bank
Limited’s Domestic Medium Term Note and Preference Share Programme, dated 17 March
2021.
The IBL263 Notes will be issued to Noteholders on the date of listing being
6 February 2023 with effect from commencement of trade.
Salient features of the IBL263 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 6 February 2023
Aggregate Nominal Amount of Tranche R1,000,000,000 (one billion Rand)
Nominal Amount per Note R1,000,000
Interest Rate Floating Rate
Margin 1.45% for the period from and
including the Interest
Commencement Date until but
excluding the Optional Redemption
Date (as referred to below); and
1.65% for the period from and
including the Optional Redemption
Date until but excluding the date of
redemption
Reference Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months,
plus the Margin
Interest Determination Date means the Interest Commencement
Date and every Interest Payment
Date thereafter
Maturity Date 6 February 2028
Optional Redemption Date 6 February 2027
Optional Redemption Amount the Nominal Amount plus accrued,
unpaid interest, if any, to the date of
redemption
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, to
the Maturity Date)
Interest Commencement Date 6 February 2023
Books Close Dates The Register will be closed from 28
January to 6 February, 27 April to 6
May, 28 July to 6 August and 28
October to 6 November (all dates
inclusive) in each year until the
Applicable Redemption Date, or 10
days prior to any Payment Day
Last Day to Register 27 January, 26 April, 27 July and 26
October 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 6 February, 6 May, 6 August
and 6 November of each year,
provided that the first Interest
Payment Date shall be on 6 May
2023. 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 IBL263
ISIN ZAG000193392
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but ZAR44,951,441,515.00 (Forty Four
excluding all other issuances on this Issue Date Billion Nine Hundred and Fifty One
Million Four Hundred and Forty One
Thousand Five Hundred and Fifteen
Rand) under the Programme
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: 3 February 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 03-02-2023 04:30:00
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