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New Financial Instrument Listing Announcement – IBL327
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 – IBL327
Application has been made to the JSE Limited ("JSE") for the listing of ZAR86,000,000 Senior
Unsecured Callable Mixed Rate Notes (stock code IBL327), under Investec Bank Limited's Domestic
Medium-Term Note and Preference Share Programme dated 17 March 2021.
The IBL327 Notes will be issued to Noteholders on the date of listing being
8 August 2025 with effect from commencement of trade.
Salient features of the IBL327 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Callable Mixed Rate
Notes
Issue Date 8 August 2025
Aggregate Nominal Amount ZAR86,000,000
Nominal Amount per Note R1,000,000 as at the Issue Date
Interest Rate The Note will be:
(a) Fixed Rate Notes for the period from
and including the Issue Date to but
excluding the Interest Payment Date of
8 August 2026 (as adjusted in
accordance with the applicable
Business Day Convention) paying
7.88% naca; and
(b) Floating Rate Notes for the period
from and including the Interest Payment
Date of 8 August 2026 (as adjusted in
accordance with the applicable
Business Day Convention) to but
excluding the Maturity Date paying
Reference Rate plus a margin of
0.84%.
Reference Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months or, if ZAR-JIBAR-
SAFEX ceases to be the approved
Reference Rate, the replacement
Reference Rate (together with a spread
(if applicable)) determined by the
Calculation Agent in its sole discretion
taking into account prevailing market
practice and any spread published by a
governmental authority or industry body
and notified to the Noteholders in
accordance with Condition
19 (Notices)
Interest Determination Date in relation the Floating Rate Notes,
8 August 2026 (as adjusted in
accordance with the applicable
Business Day Convention) and every
Interest Payment Date thereafter up to
but excluding the Maturity Date
Maturity Date 8 August 2027 (as adjusted in
accordance with the applicable
Business Day Convention)
Optional Redemption Date (Issuer call) 8 August 2026 (as adjusted in
accordance with the applicable
Business Day Convention)
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, up to,
but excluding, the Maturity Date)
Early Redemption Amount The aggregate outstanding Nominal
Amount plus accrued interest, if any, up
to (but excluding) the applicable Early
Redemption Date, less Unwind Costs (if
any)
Interest Commencement Date 8 August 2025
Books Close Dates The Register will be closed from
(i) in relation to the Fixed Rate Notes
from 29 July 2026 to 8 August 2026 and
in relation to the Floating Rate Notes
from 29 October 2026 to 8 November
2026, 29 January 2027 to 8 February
2027, 28 April 2027 to 8 May 2027 and
29 July 2027 to 8 August 2027
(including the first day but excluding the
last day in each such period), until the
Applicable Redemption Date, or
(ii) 10 days prior to, but excluding, any
Payment Day
Last Day to Register 28 July 2026 for the Fixed Rate Notes
and 28 October 2026, 28 January 2027,
27 April 2027 and 28 July 2027 for the
Floating Rate Notes, or if any such day
is not a Business Day, the Business
Day before each Books Closed Period,
or, if item 33(ii) above is applicable, the
last Business Day immediately
preceding the commencement of the
Books Closed Period
Interest Payment Dates means in relation to the Fixed Rate
Notes as specified in item 43(ii)(a)
below, 8 August 2026 and thereafter in
relation to the Floating Rate Notes as
specified in item 43(ii)(b) below, 8
August, 8 November, 8 February and 8
May of each year provided that, if any
such day is not a Business Day, the
Business Day on which interest will be
paid, will be as determined in
accordance with the applicable
Business Day Convention
Business Day Convention Following Business Day
JSE Stock Code IBL327
ISIN ZAG000217985
Aggregate Nominal Amount of Notes Outstanding in the ZAR38,963,600,000
Series including this issuance but excluding all other
issuances on this Issue Date
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: 7 August 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 07-08-2025 01:59:00
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