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New Financial Instrument Listing – IBL282
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 – IBL282
Application has been made to the JSE Limited ("JSE") for the listing of R280,000,000 (two
hundred and eighty million Rand) senior unsecured Floating Rate Notes (stock code
IBL282), under Investec Bank Limited's Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.
The IBL282 Notes will be issued to Noteholders on the date of listing being
1 November 2023 with effect from the commencement of trade.
Salient features of the IBL282 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 1 November 2023
Aggregate Nominal Amount R280,000,000 (two hundred and
eighty million Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate The Notes will be Floating Rate
Notes with the Interest Rate being
the Reference Rate plus the Margin,
subject to a Maximum Rate of
9.35% NACQ for the period from
and including the Issue Date to, but
excluding, the Interest Payment
Date of 1 November 2028
Margin 1.35%
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 1 November 2028
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 1 November 2023
Books Close Dates The Register will be closed from
(i) 23 January to 1 February,
22 April to 1 May, 23 July to
1 August and 23 October to
1 November (all dates
inclusive) until the Applicable
Redemption Date, or,
(ii) 10 days prior to any Payment
Day
Last Day to Register 22 January, 21 April, 22 July and
22 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 1 February, 1 May, 1 August and
1 November, provided that the first
Interest Payment Date shall be on
1 February 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 IBL282
ISIN ZAG000200718
Aggregate Nominal Amount of Notes Outstanding R42,340,589,015 (forty two billion
in the Series including this issuance but excluding three hundred and forty million five
all other issuances on this Issue Date hundred and 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: 31 October 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 31-10-2023 04:40:00
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