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New Financial Instrument Listing Announcement - IBL166
2021/05/11 12:05:00Download PDF Stock report
New Financial Instrument Listing Announcement - IBL166 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 - IBL166 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 IBL166), under Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme dated 17 March 2021. The IBL166 Notes will be issued to Noteholders on the date of listing being 12 May 2021 with effect from commencement of trade. Salient features of the IBL166 Notes are listed below: Issuer Investec Bank Limited Instrument Senior unsecured Notes Issue Date 12 May 2021 Aggregate Nominal Amount of Tranche ZAR250,000,000 (Two Hundred and Fifty Million Rand) calculated at an FX rate of USD/ZAR 14.4548 on the USD Funding Notional Amount of USD17,295,292.91 Nominal Amount per Note R1,000,000 Interest Rate 3 month JIBAR plus the Margin Interest Determination Date The Interest Commencement Date. If such day is not a Business Day, the Business Day on which interest will be determined will be as determined in accordance with the applicable Business Day Convention (as specified in this Applicable Pricing Supplement) Margin 1.18% for the period beginning on and including the Issue Date to and excluding the Maturity Date Maximum Interest Rate Not Applicable Maturity Date 12 August 2021 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 12 May 2021 Books Close Period The Register will be closed from 3 August 2021 to 12 August 2021 (all dates inclusive) in each year or 10 days prior to any Payment Day. Last Day to Register Close of business on the Business Day immediately preceding the first day of a Books Close Period Interest Payment Dates 12 August 2021. If 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). Business Day Convention Following Business Day JSE Stock Code IBL166 ISIN ZAG000176272 Aggregate Nominal Amount of Notes Outstanding R250,000,000 in the Series after this issuance 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: 11 May 2021 Debt Sponsor: Investec Bank Limited Bongani.Ntuli@investec.co.za Date: 11-05-2021 12:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.