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INVESTEC BANK LIMITED - New Financial Instrument Listing Announcement IBL204

Release Date: 06/12/2021 17:15
Code(s): IBL204     PDF:  
Wrap Text
New Financial Instrument Listing Announcement – IBL204

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 – IBL204

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 IBL204),
under Investec Bank Limited’s Domestic Medium Term Note and Preference Share
Programme dated 17 March 2021.

The IBL204 Notes will be issued to Noteholders on the date of listing being 9 December
2021 with effect from commencement of trade.

Salient features of the IBL204 Notes are listed below:


Issuer                                                Investec Bank Limited

Instrument                                            Senior unsecured Notes

Issue Date                                            9 December 2021

Aggregate Nominal Amount of Tranche                   R250,000,000 (Two Hundred and
                                                      Fifty Million Rand)

Nominal Amount per Note                               R1,000,000

Interest Rate                                         3 month JIBAR plus the Margin,
                                                      subject to the Maximum Interest
                                                      Rate

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

Margin                                                2.20% (two point two percent)

Maximum Interest Rate                                 9.50% nacq (nine point five percent
                                                      nominal    annual    compounding
                                                      quarterly)

Maturity Date                                         9 December 2026

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                            9 December 2021

Books Close Dates                                     The Register will be closed from 30
                                                      November to 9 December, 28
                                                      February to 9 March, 31 May to 9
                                                      June and 31 August to 9 September
                                                      (all dates inclusive) in each year
                                                      until the Applicable Redemption
                                                      Date, or 10 days prior to any
                                                      Payment Day

Last Day to Register                                  29 November, 27 February, 30 May
                                                      and 30 August 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                                means 9 December, 9 March, 9
                                                      June and 9 September of each year,
                                                      provided that the first Interest
                                                      Payment Date shall be on 9 March
                                                      2022. 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                                        IBL204

ISIN                                                  ZAG000182353

Aggregate Nominal Amount of Notes Outstanding         ZAR42,902,103,400.00 (Forty Two
in the Series excluding this issuance but including   Billion Nine Hundred and Two
all other issuances on this Issue Date                Million One Hundred and Three
                                                      Thousand Four Hundred 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: 6 December 2021
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za

Date: 06-12-2021 05:15:00
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