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New Financial Instrument Listing Announcement – IBL316
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 – IBL316
Application has been made to the JSE Limited ("JSE") for the listing of R250,000,000 (two
hundred and fifty million Rand) Senior Unsecured Mixed Rate Notes (stock code IBL316),
under Investec Bank Limited's Domestic Medium-Term Note and Preference Share
Programme dated 17 March 2021.
The IBL316 Notes will be issued to Noteholders on the date of listing being
12 March 2025 with effect from commencement of trade.
Salient features of the IBL316 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 12 March 2025
Aggregate Nominal Amount R250,000,000 (two hundred and
fifty million Rand)
Nominal Amount per Note R1,000,000 (one million Rand) as at
the Issue Date
Interest Rate The Note will be
(a) Fixed Rate Notes for the period
from and including the Issue Date to
but excluding the Interest Payment
Date of 12 March 2026 (as adjusted
in accordance with the applicable
Business Day Convention) paying
8.34% naca; and
(b) Floating Rate Notes for the
period from and including the
Interest Payment Date of
12 March 2026 (as adjusted in
accordance with the applicable
Business Day Convention) to but
excluding the Maturity Date paying
Reference Rate plus margin of
0.975%.
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 In respect of Floating Interest Rate
Notes, 12 March 2026 (as adjusted
in accordance with the applicable
Business Day Convention) and
every Interest Payment Date
thereafter
Maturity Date 12 March 2027 (as adjusted in
accordance with the applicable
Business Day Convention)
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 12 March 2025
Books Close Dates The Register will be closed from
(i) 2 March 2026 to 12 March 2026
in relation to the Fixed Rate Notes
and 2 March to 12 March, 2 June to
12 June, 2 September to
12 September and 2 December to
12 December for the Floating Rate
Notes, (including the first day but
excluding the last day in each such
period) until the Applicable
Redemption Date, or
(ii) 10 days prior to, but excluding,
any Payment Day
Last Day to Register 1 March 2026 for the Fixed Rate
Notes and 1 March, 1 June, 1
September and 1 December of each
year for the Floating Rate Notes, or
if any such day is not a Business
Day, the Business Day before each
Books Closed Period, or, if item (ii)
above is applicable, the last
Business Day immediately
preceding the commencement of
the Books Closed Period
Interest Payment Dates means in relation to the Fixed Rate
Notes, 12 March 2026 and in
relation to the Floating Rate Notes,
12 March, 12 June, 12 September
and 12 December provided that, 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
Business Day Convention Following Business Day
JSE Stock Code IBL316
ISIN ZAG000213471
Aggregate Nominal Amount of Notes Outstanding ZAR43 435 421 616 (forty-three
in the Series including this issuance but excluding billion four hundred and thirty five
all other issuances on this Issue Date million four hundred and twenty 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: 10 March 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 10-03-2025 04:45:00
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