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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 – IBL250
Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (Fifty
Million Rand) senior unsecured floating rate Notes (stock code IBL250), under Investec Bank
Limited’s Domestic Medium Term Note and Preference Share Programme dated 17 March
2021.
The IBL250 Notes will be issued to Noteholders on the date of listing being 8 November
2022 with effect from commencement of trade.
Salient features of the IBL250 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 8 November 2022
Aggregate Nominal Amount of Tranche ZAR50,000,000 (Fifty Million Rand)
Nominal Amount per Note R1,000,000
Interest Rate If, on a Rate Determination Date the
Reference Rate is less than or equal
to the Strike Rate (as defined in item
58), then the Interest Amount of the
Interest Period that commenced on
such Rate Determination Date will
be calculated as that Reference
Rate plus Margin (A); and
if, the Reference Rate is greater
than the Strike Rate (as defined in
item 58) on a Rate Determination
Date, then the Interest Amount of
the Interest Period that commenced
on such Rate Determination Date
will be calculated as Margin (B)
minus such Reference Rate.
3 month JIBAR plus the Margin
Interest Determination Date The Interest Commencement Date
and every Interest Payment Date
thereafter
Margin
If the Reference Rate is less than or
equal to the Strike Rate on a Rate
Determination Date, then the
Margin in respect of the Interest
Period that commenced on such
Rate Determination Date is 1.80%
(“Margin (A)”) and
if the Reference Rate is greater than
the Strike Rate on a Rate
Determination Date, then the
Margin in respect of the Interest
Period that commenced on such
Rate Determination Date is 17.42%
(“Margin (B)”)
Strike Rate 7.81%
Maturity Date 8 November 2024
Issue price per Note 100%
Final Redemption Amount per Note An amount in South African Rands
determined and calculated by the
Calculation Agent equal to the Swap
Linked Redemption Amount minus
the Deferred Amount, provided that
the Final Redemption Amount shall
not be less than zero, as set out in
the Applicable Pricing Supplement
Interest Commencement Date 8 November 2022
Books Close Dates The Register will be closed from 30
January to 8 February, 29 April to 8
May, 30 July to 8 August and 30
October to 8 November (all dates
inclusive) in each year until the
Applicable Redemption Date, or 10
days prior to any Payment Day
Last Day to Register 29 January, 28 April, 29 July and 29
October 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 8 February, 8 May, 8 August and 8
November of each year
Business Day Convention Following Business Day
JSE Stock Code IBL250
ISIN ZAG000191743
Aggregate Nominal Amount of Notes Outstanding ZAR44,293,941,515
in the Series excluding this issuance and any
other issuance 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: 7 November 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
