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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 – IBL258
Application has been made to the JSE Limited (“JSE”) for the listing of R150,000,000 (one
hundred and fifty million Rand) senior unsecured mixed rate Notes (stock code IBL258),
under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme, dated 17 March 2021.
The IBL258 Notes will be issued to Noteholders on the date of listing being 12 December
with effect from commencement of trade.
Salient features of the IBL258 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 12 December 2022
Aggregate Nominal Amount of Tranche R150 000,000 (one 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 12
December 2023, the Reference
Rate plus the Margin;
For the period from and including
the Interest Payment Date of 12
December 2023 to but excluding the
Maturity Date, 8.90% nacq
Margin 1.025%
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 12 December 2024
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 12 December 2022
Books Close Dates The Register will be closed from 3
March to 12 March, 3 June to 12
June, 3 September to 12 September
and 3 December to 12 December
(all dates inclusive) until the
Applicable Redemption Date, or 10
days prior to any Payment Day
Last Day to Register 2 March, 2 June, 2 September and
2 December 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 12 March, 12 June, 12
September and 12 December of
each year provided that the first
Interest Payment Date shall be on
12 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 IBL258
ISIN ZAG000192725
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance but R44,211,441,515 (forty-four billion
excluding all other issuances on this Issue Date two hundred and eleven million four
hundred and forty-one thousand
The Pricing Supplement does not contain any five hundred and fifteen Rand)
additional terms and conditions or changes to the including this Tranche of Notes but
excluding all other Notes and
terms and conditions as contained in the 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: 9 December 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
