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New Financial Instrument Listing Announcement – IBL252

Published: 2022-12-07 18:25:24 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 – IBL252

Application has been made to the JSE Limited (“JSE”) for the listing of R350,000,000 (Three
Hundred and Fifty Million Rand) senior unsecured floating rate Notes (stock code IBL252),
under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.

The IBL252 Notes will be issued to Noteholders on the date of listing being 8 December
2022 with effect from commencement of trade.

Salient features of the IBL252 Notes are listed below:

Issuer                                                   Investec Bank Limited

Instrument                                               Senior unsecured Notes

Issue Date                                               8 December 2022

Aggregate Nominal Amount of Tranche                      R350,000,000 (Three Hundred and
                                                         Fifty Million Rand)

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            the Reference Rate

Margin                                                   1.275%

Reference Rate                                           ZAR-JIBAR-SAFEX        with   a
                                                         Designated Maturity of 3 months,
                                                         plus the Margin

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

Maturity Date                                            8 December 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                               8 December 2022
Books Close Dates                                   The Register will be closed 27
                                                    February to 8 March, 30 May to 8
                                                    June, 30 August to 8 September
                                                    and 29 November to 8 December
                                                    (all dates inclusive) in each year
                                                    until the Applicable Redemption
                                                    Date, or 10 days prior to any
                                                    Payment Day

Last Day to Register                                26 February, 29 May, 29 August
                                                    and 28 November 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 March, 8 June, 8 September and
                                                    8 December of each year, provided
                                                    that the first Interest Payment Date
                                                    shall be on 8 March 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                                      IBL252

ISIN                                                ZAG000192592

Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but           ZAR45,311,441,515 (Forty five
excluding all other issuances on this Issue Date    billion three hundred and eleven
                                                    million four 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
terms and conditions as contained in the            Notes but excluding all other Notes
Programme Memorandum.                               and 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: 7 December 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za