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New Financial Instrument Listing Announcement – IBL281
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 – IBL281
Application has been made to the JSE Limited ("JSE") for the listing of R250,000,000 (two
hundred and fifty million Rand) senior unsecured mixed rate Notes (stock code IBL281),
under Investec Bank Limited's Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.
The IBL281 Notes will be issued to Noteholders on the date of listing being 27 October 2023
with effect from commencement of trade.
Salient features of the IBL281 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 27 October 2023
Aggregate Nominal Amount of Tranche 1 and 2 R250,000,000 (two hundred and
fifty million Rand)
Nominal Amount per Note R 1,000,000 (one million Rand)
Interest Rate The Note 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
Interest Payment Date of
27 April 2025
The Note will be Fixed Rate Notes
with an Interest Rate of 9.37% nacq
for the period from and including the
Interest Payment Date of
27 April 2025 to, but excluding, the
Maturity Date
Margin 1.1%
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 27 October 2026
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 27 October 2023
Books Close Dates The Register will be closed from
(i) 18 January to 27 January,
18 April to 27 April, 18 July to
27 July and 18 October to
27 October (all dates inclusive)
until the Applicable
Redemption Date, or,
(ii) 10 days prior to any Payment
Day
Last Day to Register 17 January, 17 April, 17 July and
17 October 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 27 January, 27 April, 27 July
and 27 October, provided that the
first Interest Payment Date shall be
on 27 January 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 the
Applicable Pricing Supplement)
Business Day Convention Following Business Day
JSE Stock Code IBL281
ISIN ZAG000200627
Aggregate Nominal Amount of Notes Outstanding R 42,060,589,015 (forty-two billion
in the Series including this issuance but excluding one sixty million five hundred and
all other issuances on this Issue Date eighty-nine thousand 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: 26 October 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 26-10-2023 02:30:00
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