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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 – IBL251
Application has been made to the JSE Limited (“JSE”) for the listing of R300,000,000 (three
hundred million Rand) senior unsecured mixed rate Notes (stock code IBL251), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL251 Notes will be issued to Noteholders on the date of listing being 28 November
2022 with effect from commencement of trade.
Salient features of the IBL251 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 28 November 2022
Aggregate Nominal Amount of Tranche R300,000,000 (three hundred
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 28 May
2024, the Reference Rate plus the
Margin;
For the period from and including
the Interest Payment Date of 28
May 2024 to but excluding the
Maturity Date, 9.20% nacq
Margin 1.30%
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 28 November 2025
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 28 November 2022
Books Close Dates The Register will be closed from 19
November to 28 November, 19
February to 28 February, 19 May to
28 May and 19 August to 28 August
(all dates inclusive) until the
Applicable Redemption Date, or 10
days prior to any Payment Day
Last Day to Register 18 November, 18 February, 18 May
and 18 August 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 28 November, 28 February,
28 May and 28 August of each year
provided that the first Interest
Payment Date shall be on 28
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 IBL251
ISIN ZAG000192337
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but R44,643,941,515 (forty-four billion
excluding all other issuances on this Issue Date six hundred and forty-three million
nine hundred and forty one
The Pricing Supplement does not contain any thousand five hundred and fifteen
additional terms and conditions or changes to the Rand) including this Tranche of
Notes but excluding all other Notes
terms and conditions as contained in the and Programme Preference Shares
Programme Memorandum. 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: 24 November 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
