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New Financial Instrument Listing Announcement – IBL311
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 – IBL311
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 IBL311), under
Investec Bank Limited's Domestic Medium-Term Note and Preference Share Programme
dated 17 March 2021.
The IBL311 Notes will be issued to Noteholders on the date of listing being
30 January 2025 with effect from commencement of trade.
Salient features of the IBL311 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 30 January 2025
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 (0.850%) for the period from
and including the Issue Date to but
excluding the Interest Step-Up Date
of 30 January 2026 (as adjusted in
accordance with the applicable
Business Day Convention); and
(b) the Reference Rate plus the
Margin (1.00%) for the period from
and including the Interest Step-Up
Date of 30 January 2026 (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 up to, but excluding the
Maturity Date
Maturity Date 30 January 2027
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
Applicable Redemption Date)
Interest Commencement Date 30 January 2025
Books Close Dates The Register will be closed from
20 January to 30 January, 20 April
to 30 April, 20 July to 30 July and
20 October to 30 October (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 19 January, 19 April, 19 July
and 19 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 30 January, 30 April, 30 July
and 30 October of each year,
provided that the first Interest
Payment Date shall be on
30 April 2025. If any such day is not
a Business Day, the Business Day
on which interest will be paid, will be
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 IBL311
ISIN ZAG000212093
Aggregate Nominal Amount of Notes Outstanding R42,452,051,616 (forty two billion
in the Series including this issuance but excluding four hundred and fifty two million
all other issuances on this Issue Date fifty 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: 29 January 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 29-01-2025 08:00:00
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