Enhanced Investments - Financial Portal

New Financial Instrument Listing Announcement – IBL248

Published: 2022-09-29 17:30:28 ET

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 – IBL248

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 IBL248),
under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.

The IBL248 Notes will be issued to Noteholders on the date of listing being
30 September 2022 with effect from commencement of trade.

Salient features of the IBL248 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               30 September 2022

Aggregate Nominal Amount of Tranche                      R250,000,000 (two hundred and
                                                         fifty million Rand)

Nominal Amount per Note                                  R1,000,000 (one million Rand)

Interest Rate                                            For the period from and including
                                                         the Issue Date to but excluding the
                                                         Interest   Payment      Date     of
                                                         30 March 2024, 8.85% nacq

                                                         For the period from and including
                                                         the Interest Payment Date of
                                                         30 March 2024 to but excluding the
                                                         Maturity Date, the Reference Rate
                                                         plus the Margin


Margin                                                   1.125%

Reference Rate                                           The ZAR-JIBAR-SAFEX with a
                                                         Designated Maturity of 3 months

Interest Determination Date                              The Interest Commencement Date
                                                         and every Interest Payment Date
                                                         thereafter

Maturity Date                                            30 September 2025
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)

Interest Commencement Date                         30 September 2022

Books Close Dates                                  The Register will be closed from
                                                   20 September to 30 September,
                                                   20 December to 30 December,
                                                   20 March to 30 March and 20 June
                                                   to 30 June (all dates inclusive) until
                                                   the Applicable Redemption Date, or
                                                   10 days prior to any Payment Day

Last Day to Register                               19 September, 19 December,
                                                   19 March and 19 June 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          30        September,
                                                   30 December, 30 March and
                                                   30 June provided that the first
                                                   Interest Payment Date shall be on
                                                   30 December 2022. 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)

Business Day Convention                            Modified Following Business Day

JSE Stock Code                                     IBL248

ISIN                                               ZAG000190646

Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but          R43,490,777,515 (forty three billion
excluding all other issuances on this Issue Date   four hundred and ninety million
                                                   seven hundred and seventy seven
                                                   thousand five hundred and fifteen
                                                   Rand) including this Tranche of
                                                   Notes but excluding all other Notes
                                                    and Programme Preference Shares
                                                    issued on the 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: 29 September 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.