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New Financial Instrument Listing Announcement – IBL338
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 – IBL338
Application has been made to the JSE Limited ("JSE") for the listing of ZAR163,000,000 Senior
Unsecured Callable Mixed Rate Notes (stock code IBL338), under Investec Bank Limited's Domestic
Medium-Term Note and Preference Share Programme dated 17 March 2021.
The IBL338 Notes will be issued to Noteholders on the date of listing being
29 September 2025 with effect from commencement of trade.
Salient features of the IBL338 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Callable Mixed Rate
Notes
Issue Date 29 September 2025
Aggregate Nominal Amount ZAR163,000,000
Nominal Amount per Note R1,000,000 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
29 March 2026 (as adjusted in
accordance with the applicable
Business Day Convention) paying
7.49% nacs; and
(b) Floating Rate Notes for the period
from and including the Interest Payment
Date of 29 March 2026 (as adjusted in
accordance with the applicable
Business Day Convention) to but
excluding the Maturity Date paying
Reference Rate plus a margin of
0.575%.
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 relation the Floating Rate Notes,
29 March 2026, 29 June 2026 and
29 September 2026 (as adjusted in
accordance with the applicable
Business Day Convention)
Maturity Date 29 October 2026 (as adjusted in
accordance with the applicable
Business Day Convention)
Optional Redemption Date (Issuer call) 29 March 2026 (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 Early
Redemption Date, less Unwind Costs (if
any)
Interest Commencement Date 29 September 2025
Books Close Dates The Register will be closed from, in
relation to the Fixed Rate Notes,
19 March 2026 to 29 March 2026 and in
relation to the Floating Rate Notes, from
19 June 2026 to 29 June 2026, 1
9 September 2026 to 29 September
2026 and 19 October 2026 to
29 October 2026 (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 18 March 2026 for the Fixed Rate Notes
and 18 June 2026, 18 September 2026
and 18 October 2026 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
33(ii) of the Applicable Pricing
Supplement 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 as specified in item 43(ii)(a) of
the Applicable Pricing Supplement,
29 March 2026 and thereafter in
relation to the Floating Rate Notes as
specified in item 43(ii)(b) of the
Applicable Pricing Supplement,
29 June 2026, 29 September 2026 and
29 October 2026, 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 IBL338
ISIN ZAG000219536
Aggregate Nominal Amount of Notes Outstanding in the ZAR40,659,000,000
Series including this issuance but excluding all other
issuances on this Issue Date
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: 26 September 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 26-09-2025 07:05:00
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