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New Financial Instrument Listing Announcement – IBL227
2022/05/24 10:15:00Download PDF Stock report
New Financial Instrument Listing Announcement – IBL227
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 – IBL227
Application has been made to the JSE Limited (“JSE”) for the listing of R21,000,000.00
(Twenty One Million Rand) senior unsecured floating rate Notes (stock code IBL227), under
Investec Bank Limited’s Domestic Medium Term Note and Preference Share Programme,
dated 17 March 2021.
The IBL227 Notes will be issued to Noteholders on the date of listing being 25 May 2022
with effect from commencement of trade.
Salient features of the IBL227 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured Notes
Issue Date 25 May 2022
Aggregate Nominal Amount of Tranche ZAR21,000,000.00 (Twenty One
Million Rand)
Nominal Amount per Note R1,000,000
Interest Rate The Interest Amount for each
Interest Period will be calculated as
follows, provided that the Interest
Amount shall never be less than
zero:
Margin - Reference Rate
Margin 16.05% (sixteen point zero five
percent)
Reference Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
Interest Determination Date means 18 May 2022 and every
Interest Payment Date thereafter
Maximum Interest Rate N/A
Maturity Date 25 May 2027
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 25 May 2022
Books Close Dates The Register will be closed from 16
May to 25 May, 16 August to 25
August, 16 November to 25
November and 16 February to 25
February (all dates inclusive) in
each year until the Applicable
Redemption Date, or 10 days prior
to any Payment Day
Last Day to Register 15 May, 15 August, 15 November
and 15 February, 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 25 May, 25 August, 25
November and 25 February,
provided that the first Interest
Payment Date shall be on 25
August 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 IBL227
ISIN ZAG000186313
Aggregate Nominal Amount of Notes Outstanding
in the Series including this issuance and all other R46,042,103,400 (forty six billion
issuances on this Issue Date and forty two million one hundred
and three thousand, and four
The Pricing Supplement does not contain any hundred Rand)
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: 24 May 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 24-05-2022 10:15:00
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