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New Financial Instrument Listing Announcement – IBL245
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 – IBL245
Application has been made to the JSE Limited (“JSE”) for the listing of R65,000,000 (Sixty
Five Million Rand) senior unsecured floating rate Notes (stock code IBL245), under Investec
Bank Limited’s Domestic Medium Term Note and Preference Share Programme, dated 17
March 2021.
The IBL245 Notes will be issued to Noteholders on the date of listing being 17 August 2022
with effect from commencement of trade.
Salient features of the IBL245 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 17 August 2022
Aggregate Nominal Amount of Tranche R65,000,000 (Sixty Five Million Rand)
Nominal Amount per Note R1,000,000
Interest Rate the Reference Rate
Margin 2.10%
Reference Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months, plus
the Margin, subject to the Maximum
Interest Rate
Interest Determination Date means the Interest Commencement
Date and every Interest Payment
Date thereafter
Maximum Interest Rate 9.90% nacq
Maturity Date 17 August 2027
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, to the
Maturity Date)
Interest Commencement Date 17 August 2022
Books Close Dates The Register will be closed from 8
November to 17 November, 8
February to 17 February, 8 May to 17
May and 8 August to 17 August (all
dates inclusive) in each year until the
Applicable Redemption Date, or 10
days prior to any Payment Day
Last Day to Register 7 November, 7 February, 7 May and
7 August in each year, or if such day
is not a Business Day, the Business
Day before each Books Closed
Period, or the last Business Day
immediately preceding the
commencement of the Books Closed
Period
Interest Payment Dates 17 November, 17 February, 17 May
and 17 August of each year, provided
that the first Interest Payment Date
shall be on 17 November 2022. If any
such day is not a Business Day, the
Business Day on which interest will be
paid, as determined in accordance
with the applicable Business Day
Convention (as specified in this
Applicable Pricing Supplement)
Business Day Convention Following Business Day
JSE Stock Code IBL245
ISIN ZAG000188962
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but R49,103,777,515 (forty nine billion
excluding all other issuances on this Issue Date one hundred and three million seven
hundred and seventy seven thousand
The Pricing Supplement does not contain any five hundred and fifteen Rand)
additional terms and conditions or changes to the including this Tranche of Notes but
terms and conditions as contained in the excluding all other Notes and
Programme Memorandum. Programme Preference Shares
issued on the Issue Date
Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes.
Date: 16 August 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 16-08-2022 10:15:00
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