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New Financial Instrument Listing Announcement – IBL322
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 – IBL322
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 IBL322),
under Investec Bank Limited's Domestic Medium-Term Note and Preference Share
Programme dated 17 March 2021.
The IBL322 Notes will be issued to Noteholders on the date of listing being
28 May 2025 with effect from commencement of trade.
Salient features of the IBL322 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 28 May 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 28 May 2026 (as adjusted in
accordance with the applicable
Business Day Convention) paying
8.05% naca; and
(b) Floating Rate Notes for the
period from and including the
Interest Payment Date of
28 May 2026 (as adjusted in
accordance with the applicable
Business Day Convention) to but
excluding the Maturity Date paying
Reference Rate plus margin of
0.95%.
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, 28 May 2026 (as adjusted in
accordance with the applicable
Business Day Convention) and
every Interest Payment Date
thereafter up to but excluding the
Maturity Date
Maturity Date 28 May 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 28 May 2025
Books Close Dates The Register will be closed from
(i) 18 May 2026 to 28 May 2026 in
relation to the Fixed Rate Notes and
18 August 2026 to 28 August 2026,
18 November 2026 to
28 November 2026, 18 February
2027 to 28 February 2027 and
18 May 2027 to 28 May 2027 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 17 May 2026 for the Fixed Rate
Notes and 17 August 2026, 17
November 2026, 17 February 2027
and 17 May 2027 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, 28 May 2026 and in relation
to the Floating Rate Notes, 28
August 2026, 28 November 2026,
28 February 2027 and 28 May 2027
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 IBL322
ISIN ZAG000215906
Aggregate Nominal Amount of Notes Outstanding ZAR39,548,600,000 (thirty nine
in the Series including this issuance but excluding billion five hundred and forty eight
all other issuances on this Issue Date million six hundred thousand 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: 27 May 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 27-05-2025 02:50:00
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