| Tue 4 Mar 2025, 7:05 | | New Financial Instrument Listing Announcement – IBL315 |
|
New Financial Instrument Listing Announcement – IBL315
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 – IBL315
Application has been made to the JSE Limited ("JSE") for the listing of R500,000,000 (five
hundred million Rand) Senior Unsecured Mixed Rate Notes (stock code IBL315), under
Investec Bank Limited's Domestic Medium-Term Note and Preference Share Programme
dated 17 March 2021.
The IBL315 Notes will be issued to Noteholders on the date of listing being
05 March 2025 with effect from commencement of trade.
Salient features of the IBL315 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 05 March 2025
Aggregate Nominal Amount R500,000,000 (five hundred 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 05 March 2026 (as adjusted
in accordance with the applicable
Business Day Convention) paying
8.37% naca; and
(b) Floating Rate Notes for the
period from and including the
Interest Payment Date of
05 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, 05 March 2026 (as adjusted
in accordance with the applicable
Business Day Convention) and
every Interest Payment Date
thereafter
Maturity Date 05 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 05 March 2025
Books Close Dates The Register will be closed from
(i) 23 February 2026 to 05 March
2026 in relation to the Fixed Rate
Notes and 23 February to 05 March,
26 May to 05 June, 26 August to
05 September and 25 November to
05 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 22 February 2026 for the Fixed Rate
Notes and 22 February, 25 May,
25 August and 24 November 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, 05 March 2026 and in
relation to the Floating Rate Notes,
05 March, 05 June, 05 September
and 05 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 IBL315
ISIN ZAG000213174
Aggregate Nominal Amount of Notes Outstanding ZAR44,075,421,616 (forty four
in the Series including this issuance but billion seventy five million four
excluding all other issuances on this hundred and twenty one thousand
Issue Date 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: 4 March 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 04-03-2025 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
