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New Financial Instrument Listing Announcement – IBL326
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 – IBL326
Application has been made to the JSE Limited ("JSE") for the listing of ZAR250,000,000 Senior
Unsecured Callable Mixed Rate Notes (stock code IBL326), under Investec Bank Limited's Domestic
Medium-Term Note and Preference Share Programme dated 17 March 2021.
The IBL326 Notes will be issued to Noteholders on the date of listing being
23 July 2025 with effect from commencement of trade.
Salient features of the IBL326 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Callable Mixed Rate
Notes
Issue Date 23 July 2025
Aggregate Nominal Amount ZAR250,000,000
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
23 July 2026 (as adjusted in
accordance with the applicable
Business Day Convention) paying
7.93% naca; and
(b) Floating Rate Notes for the period
from and including the Interest Payment
Date of 23 July 2026 (as adjusted in
accordance with the applicable
Business Day Convention) to but
excluding the Maturity Date paying
Reference Rate plus a margin of
0.88%.
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,
23 July 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 23 July 2027 (as adjusted in
accordance with the applicable
Business Day Convention)
Optional Redemption Date (Issuer call) 23 July 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 23 July 2026
Books Close Dates The Register will be closed from
(i) in relation to the Fixed Rate Notes
from 13 July 2026 to 23 July 2026 and
in relation to the Floating Rate Notes
from 13 October 2026 to 23 October
2026, 13 January 2027 to 23 January
2027, 13 April 2027 to 23 April 2027 and
13 July 2027 to 23 July 2027 (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 12 July 2026 for the Fixed Rate Notes
and 12 October 2026, 12 January 2027,
12 April 2027 and 12 July 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 33(ii) above is applicable, the
last Business Day immediately
preceding the commencement of the
Books Closed Period Books Closed
Period
Interest Payment Dates in relation to the Fixed Rate Notes, 23
July 2026 and thereafter in relation to
the Floating Rate Notes, 23 July, 23
October, 23 January and 23 April of
each year 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 IBL326
ISIN ZAG000217670
Aggregate Nominal Amount of Notes Outstanding in the ZAR39,127,600,000
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: 22 July 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 22-07-2025 12:15:00
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