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New Financial Instrument Listing Announcement – IBL293
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 – IBL293
Application has been made to the JSE Limited ("JSE") for the listing of R31,000,000 (thirty
one million Rand) senior unsecured mixed rate Notes (stock code IBL293), under Investec
Bank Limited's Domestic Medium Term Note and Preference Share Programme, dated
17 March 2021.
The IBL293 Notes will be issued to Noteholders on the date of listing being
24 April 2024 with effect from commencement of trade.
Salient features of the IBL293 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 24 April 2024
Aggregate Nominal Amount R31,000,000 (thirty one million
Rand)
Nominal Amount per Note R1,000,000 (one million Rand)
Interest Rate The Note will have an Interest Rate
of
(a) the Reference Rate plus the
Margin (1.75%) for the period
commencing on (and including) the
Issue Date and ending on (but
excluding) 24 April 2027 (the
"Conversion Date") (as adjusted by
the applicable Business Day
Convention); and
(b) If the conditions set out in
43(ii)(b)(i) of the Applicable Pricing
Supplement are met, 20.35% minus
ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months for
the period commencing on (and
including) the Conversion Date and
ending on (but excluding) the
Maturity Date; or
(c) if the conditions described in
43(ii)(b)(ii) of the Applicable Pricing
Supplement are met, a fixed rate of
10.55% nacq for the period
commencing on (and including) the
Conversion Date and ending on (but
excluding) the Maturity Date.
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 24 April 2029
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 Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to the date of redemption,
minus Breakage Costs)
Interest Commencement Date 24 April 2024
Books Close Dates The Register will be closed from
15 January to 24 January,
15 April to 24 April,
15 July to 24 July and
15 October to 24 October (all dates
inclusive) in each year until the
Applicable Redemption Date, or 9
days prior to any Payment Day
Last Day to Register 14 January, 14 April, 14 July and
14 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 24 January, 24 April, 24 July
and 24 October of each year,
provided that the first Interest
Payment Date shall be on
24 July 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 Modified Following Business Day
JSE Stock Code IBL293
ISIN ZAG000204892
Aggregate Nominal Amount of Notes Outstanding R40,933,941,515 (forty billion nine
in the Series including this issuance but excluding hundred and thirty three million nine
all other issuances on this Issue Date 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: 23 April 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 23-04-2024 10:10:00
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