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New Financial Instrument Listing Announcement – IBL321
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 – IBL321
Application has been made to the JSE Limited ("JSE") for the listing of ZAR1,065,000,000
(one billion and sixty five million Rand) Senior Unsecured Floating Rate Notes (stock code
IBL321), under Investec Bank Limited's Domestic Medium-Term Note and Preference Share
Programme dated 17 March 2021.
The IBL321 Notes will be issued to Noteholders on the date of listing being
02 April 2025 with effect from commencement of trade.
Salient features of the IBL321 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 02 April 2025
Aggregate Nominal Amount ZAR1,065,000,000 (one billion and
sixty five million Rand)
Nominal Amount per Note R1,000,000 (one million Rand) as at
the Issue Date
Interest Rate The Note will be
(a) Floating Rate Notes for the
period from and including the Issue
Date to but excluding the Optional
Redemption Date (as adjusted in
accordance with the applicable
Business Day Convention) paying
the Reference Rate plus a margin of
1.125%%; and
(b) Floating Rate Notes for the
period from and including the
Optional Redemption Date (as
adjusted in accordance with the
applicable Business Day
Convention) to but excluding the
applicable Redemption Date paying
the Reference Rate plus a margin of
1.275%.
Optional Redemption Date 02 April 2029
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 the Interest Commencement Date
and every Interest Payment Date
thereafter
Maturity Date 02 April 2030 (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 Redemption Date)
Interest Commencement Date 02 April 2025
Books Close Dates The Register will be closed from
(i) 23 March to 02 April, 22 June to
02 July, 22 September to
02 October and 23 December to
02 January (including the first day
but excluding the last day of each
period) in each year, until the
Applicable Redemption Date; or
(including the first day but excluding
the last day of each period) in each
year, until the applicable
Redemption Date; or
(ii) 10 days prior to, but excluding,
any Payment Day
Last Day to Register 22 March, 21 June, 21 September
and 22 December in each year or if
such day is not a Business Day, the
Business Day before each Books
Closed Period, or, if item (ii) above
is applicable, the last Business Day
immediately preceding the
commencement of the Books
Closed Period
Interest Payment Dates means 02 April, 02 July, 02 October
and 02 January in each year. 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 (as
specified in this Applicable Pricing
Supplement), with the first Interest
Payment Date being 02 July 2025
Business Day Convention Following Business Day
JSE Stock Code IBL321
ISIN ZAG000214313
Aggregate Nominal Amount of Notes Outstanding ZAR45,055,421,616 (forty five
in the Series including this issuance but excluding billion fifty five million four hundred
all other issuances on this Issue Date twenty one thousand six hundred
and sixteen 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: 1 April 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 02-04-2025 07:05:00
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