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New Financial Instrument Listing Announcement – IBL307
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 – IBL307
Application has been made to the JSE Limited ("JSE") for the listing of R400,000,000 (four
hundred million Rand) Senior Unsecured Floating Rate Notes (stock code IBL307), under
Investec Bank Limited's Domestic Medium Term Note and Preference Share Programme
dated 17 March 2021.
The IBL307 Notes will be issued to Noteholders on the date of listing being
18 November 2024 with effect from commencement of trade.
Salient features of the IBL307 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 18 November 2024
Aggregate Nominal Amount R400,000,000 (four hundred 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 18 November 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 18 November 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
Maturity Date 18 November 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 date of
redemption)
Interest Commencement Date 18 November 2024
Books Close Dates The Register will be closed from
8 February to 18 February, 8 May to
18 May, 8 August to 18 August and
8 November to 18 November
(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 7 February, 7 May, 7 August and 7
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 18 February, 18 May,
18 August and 18 November of
each year, provided that the first
Interest Payment Date shall be on
18 February 2025. 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 IBL307
ISIN ZAG000210626
Aggregate Nominal Amount of Notes Outstanding R41,011,451,616 (forty one billion
in the Series including this issuance but excluding eleven million four hundred and fifty
all other issuances on this Issue Date 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: 15 November 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 15-11-2024 01:45:00
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