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New Financial Instrument Listing Announcement – IBL244

Published: 2022-08-15 11:07:30 ET
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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 – IBL244

Application has been made to the JSE Limited (“JSE”) for the listing of R75,000,000
(seventy-five million Rand) senior unsecured fixed rate Notes (stock code IBL244), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.

The IBL244 Notes will be issued to Noteholders on the date of listing being 16 August 2022
with effect from commencement of trade.

Salient features of the IBL244 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               16 August 2022

Aggregate Nominal Amount of Tranche                      R75,000,000 (seventy-five million
                                                         Rand)

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            9.20% nacs

Interest Determination Date                              means the Interest Commencement
                                                         Date and every Interest Payment
                                                         Date thereafter

Maximum Interest Rate                                    N/A

Maturity Date                                            16 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                               16 August 2022

Books Close Dates                                        The Register will be closed from 7
                                                         August to 16 August and 7 February
                                                         to 16 August (all dates inclusive) in
                                                         each year until the Applicable
                                                    Redemption Date, or 10 days prior
                                                    to any Payment Day

Last Day to Register                                6 August and 6 February 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                              means 16 August and 16 February
                                                    of each year, provided that the first
                                                    Interest Payment Date shall be on
                                                    16 February 2023. 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                                      IBL244

ISIN                                                ZAG000000188921

Aggregate Nominal Amount of Notes Outstanding       R49,038,777,515 (forty-nine billion,
in the Series including this issuance but           thirty-eight million, seven hundred
excluding all other issuances on this Issue Date    and seventy seven thousand, five
                                                    hundred and fifteen 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: 15 August 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za