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New Financial Instrument Listing Announcement – IBL318
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 – IBL318
Application has been made to the JSE Limited ("JSE") for the listing of R500,000,000 (five
hundred million Rand) Senior Unsecured Floating Rate Notes (stock code IBL318), under
Investec Bank Limited's Domestic Medium-Term Note and Preference Share Programme
dated 17 March 2021.
The IBL318 Notes will be issued to Noteholders on the date of listing being
14 March 2025 with effect from commencement of trade.
Salient features of the IBL318 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 14 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) Floating Rate Notes for the
period from and including the Issue
Date to but excluding the Optional
Redemption Date (as adjusted in
accordance with the applicable
Business Day Convention) paying
the Reference Rate plus a margin of
0.825%; and
(b) Floating Rate Notes for the
period from and including the
Optional Redemption Date (as
adjusted in accordance with the
applicable Business Day
Convention) to but excluding the
applicable Redemption Date paying
the Reference Rate plus a margin of
0.975%.
Optional Redemption Date 14 March 2026
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
Maturity Date 14 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 14 March 2025
Books Close Dates The Register will be closed from
(i) 4 March to 14 March; 4 June to
14 June; 4 September to
14 September and 4 December to
14 December (including the first day
but excluding the last day of each
period) in each year, until the
applicable Redemption Date; or
(ii) 10 days prior to, but excluding,
any Payment Day
Last Day to Register 3 March, 3 June, 3 September and
3 December in each year or if 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 14 March, 14 June,
14 September and 14 December in
each year. 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 this
Applicable Pricing Supplement),
with the first Interest Payment Date
being 14 June 2025
Business Day Convention Following Business Day
JSE Stock Code IBL318
ISIN ZAG000213604
Aggregate Nominal Amount of Notes Outstanding ZAR43,945,421,616 (forty three
in the Series including this issuance but excluding billion nine hundred forty five million
all other issuances on this Issue Date four hundred 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: 12 March 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 12-03-2025 10:25:00
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