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INVESTEC BANK LIMITED - New financial Instrument listing - IBL137

Release Date: 20/01/2020 09:55
Code(s): IBL137     PDF:  
Wrap Text
New financial Instrument listing - IBL137

 Investec Bank Limited

 New Financial Instrument Listing
 Announcement


ISSUE OF IBL137 SENIOR UNSECURED FLOATING RATE NOTES (“IBL137 NOTES”)

Application has been made to the JSE Limited (“JSE”) for the listing of R250 000 000 (Two
Hundred and Fifty Million Rand) senior unsecured floating rate Notes (stock code IBL137),
under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme dated 10 December 2018.

The IBL137 Notes will be issued to Noteholders on the date of listing being 21 January 2020
with effect from commencement of trade.

Salient features of the IBL137 Notes are listed below:


Issuer                                                   Investec Bank Limited
Instrument                                               Senior unsecured Notes
Issue Date                                               21 January 2020
Nominal Amount per Note                                  R1,000,000
Interest Rate                                            3 month JIBAR Linked plus the
                                                         Margin
Interest Determination Date                              21 January, 21 April, 21 July and 21
                                                         October of each year, adjusted in
                                                         accordance with the Applicable
                                                         Business Day Convention
Margin                                                   1.85% until but excluding 21 April
                                                         2020 and 1.75% from and including
                                                         21 April 2020.

Maturity Date                                            21 January 2025
Maximum Interest Rate                                    8.69%

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                               21 January 2020
Books Close Period                                       11 January to 21 January, 11 April
                                                         to 21 April, 11 July to 21 July and 11
                                                         October to 21 October in each year
                                                         (all dates inclusive) or 10 days prior
                                                         to any Payment Date
Last Day to Register                                     Close of business on the Business
                                                         Day immediately preceding the first
                                                         day of a Books Close Period
Interest Payment Dates                                   21 January, 21 April, 21 July and 21
                                                         October in each year, as adjusted in
                                                         accordance with the Applicable
                                                         Business Day Convention.
Business Day Convention                                  Following Business Day
JSE Stock Code                                           IBL137
ISIN                                                    ZAG000165739
Aggregate Nominal Amount of Notes Outstanding           R250,000,000 (Two Hundred and
in the Series after this issuance                       Fifty Million Rand)

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: 20 January 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za

Date: 20-01-2020 09:55:00
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