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INVESTEC BANK LIMITED - Investec Bank Limited - New Financial Instrument Listing

03 December 2019 - 07:00 AM
Investec Bank Limited - New Financial Instrument Listing

 Investec Bank Limited

 New Financial Instrument Listing


Application has been made to the JSE Limited (JSE) for the listing of ZAR300 000 000
(Three Hundred Million Rand) senior unsecured floating rate Notes (stock code IBL133),
under Investec Bank Limiteds Domestic Medium Term Note and Preference Share
Programme dated 10 December 2018.

The IBL133 Notes will be issued to Noteholders on the date of listing being 4 December
2019 with effect from commencement of trade.

Salient features of the IBL133 Notes are listed below:

Issuer                                                   Investec Bank Limited
Instrument                                               Senior unsecured Notes
Issue Date                                               4 December 2019
Nominal Amount per Note                                  ZAR1,000,000
Interest Rate                                            3 month JIBAR Linked plus the
Interest Determination Date                              12 September, 12 December, 12
                                                         March and 12 June, as adjusted in
                                                         accordance with the Applicable
                                                         Business Day Convention
Margin                                                   1.175%% (one point one seven five
Maturity Date                                            12 September 2022
Issue price per Note                                     99.82534%
Final Redemption Amount per Note                         The Nominal Amount per Note (plus
                                                         accrued unpaid interest, if any, to
                                                         the Maturity Date)
Interest Commencement Date                               12 September 2019
Books Close Period                                       2 September to 12 September,
                                                         2 December to 12 December,
                                                         2 March to 12 March and 2 June to
                                                         12 June (all dates inclusive) or 10
                                                         days prior to any Payment Date
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 September, 12 December,
                                                         12 March and 12 June, as adjusted
                                                         in accordance with the Applicable
                                                         Business Day Convention.
Business Day Convention                             Following Business Day
JSE Stock Code                                      IBL133
ISIN                                                ZAG000162496
Aggregate Nominal Amount of Notes Outstanding       ZAR2 698 000 (Two Billion Six
in the Series after this issuance                   Hundred and Ninety Eight Million
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: 3 December 2019
Debt Sponsor:
Investec Bank Limited

Date: 03-12-2019 08:00:00
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