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New Financial Instrument Listing Announcement – IBL297
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 – IBL297
Application has been made to the JSE Limited ("JSE") for the listing of R250,000,000 (two
hundred fifty million Rand) senior unsecured mixed rate Notes (stock code IBL297), under
Investec Bank Limited's Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL297 Notes will be issued to Noteholders on the date of listing being
31 May 2024 with effect from commencement of trade.
Salient features of the IBL297 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 31 May 2024
Aggregate Nominal Amount of Tranche 1 R250,000,000 (two hundred fifty
million Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate The Notes will be Fixed Rate Notes,
with an Interest Rate of 9.08% nacq,
for the period from and including the
Issue Date to, but excluding, the
Optional Redemption Date (as
described below).
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
Optional Redemption Date to, but
excluding, the Maturity Date
Margin 1.05%
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 31 May 2026
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
31 May 2025 (such date being
subject to the applicable Business
Day Convention)
Early Redemption Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to, but excluding, Optional
Redemption Date) plus Breakage
Costs (if any)
Interest Commencement Date 31 May 2024
Books Close Dates The Register will be closed from
(i) 19 February to 28 February,
22 May to 31 May,
22 August to 31 August and
21 November to 30 November
(all dates inclusive) until the
Applicable Redemption Date;
or
(ii) 9 days prior to any Payment
Day
Last Day to Register 18 February, 21 May, 21 August
and 20 November or if such day is
not a Business Day, the Business
Day before each Books Closed
Period, or, if (ii) above is applicable,
the last Business Day immediately
preceding the commencement of
the Books Closed Period
Interest Payment Dates means 28 February, 31 May,
31 August and 30 November each
year. 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),
with the first Interest Payment Date
being 31 August 2024
Business Day Convention Following Business Day
JSE Stock Code IBL297
ISIN ZAG000205907
Aggregate Nominal Amount of Notes Outstanding ZAR41,143,941,515 (forty one
in the Series including this issuance but excluding billion one hundred and forty three
all other issuances on this Issue Date million nine hundred and forty one
thousand five hundred 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: 30 May 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 30-05-2024 12:50:00
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