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INVESTEC BANK LIMITED - New Financial Instrument Listing Announcement IBL205

Release Date: 06/12/2021 17:33
Code(s): IBL205     PDF:  
Wrap Text
New Financial Instrument Listing Announcement – IBL205

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 – IBL205

Application has been made to the JSE Limited (“JSE”) for the listing of R1,000,000,000 (One
Billion Rand) senior unsecured floating rate Notes (stock code IBL205), under Investec Bank
Limited’s Domestic Medium Term Note and Preference Share Programme dated 17 March
2021.

The IBL205 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 IBL205 Notes are listed below:


Issuer                                              Investec Bank Limited

Instrument                                          Senior unsecured Notes

Issue Date                                          9 December 2021

Aggregate Nominal Amount of Tranche                 R1,000,000,000 (One Billion 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                                              1.20% (one point two percent)

Maximum Interest Rate                               5.83% nacq (five point eight three
                                                    percent     nominal        annual
                                                    compounded quarterly)

Maturity Date                                       9 December 2022

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                                      IBL205

ISIN                                                ZAG000182346

Aggregate Nominal Amount of Notes Outstanding       R43,152,103,400.00 (forty three
in the Series excluding this issuance but           billion one hundred and fifty two
including 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 05:33:00
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