South Africas Investec Bank Limited issues USD 207.6mn of medium-term notes.

By bne IntelliNews March 20, 2013
South Africas Investec Bank Limited made two senior unsecured bond issues with a combined nominal of ZAR 1.91bn (USD 207.6mn), JSE said. The issues were made under Investec Bank Limiteds domestic medium term note programme dated Feb 12, 2003. JSE granted listing to both issues. One of them has a final maturity date of Jun 15, 2017 and the issued nominal is ZAR 1.131bn. The final maturity date of the other issue is Mar 19, 2016 and the issued nominal is ZAR 779mn. The coupons of both issues are floating and are based on the three-month JIBAR, plus 150 and 100 basis points, respectively. The issue prices were 101.36671% and 100%, respectively. Investec Bank Limited is a specialist bank and asset manager serving a niche client base. The groups three principal markets are the UK, South Africa and Australia.

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