IBLUSD

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Image of a zebra

The US Dollar (USD) exchange traded note is an inward listed product traded on the JSE. A simple and easy way for you to get direct exposure to the US currency.

Now there’s a far more convenient alternative to getting US dollar exposure

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Know more

  • Key features

    By investing in this product you will have access to the following benefits:
    • Diversification: diversify your investment portfolio with direct exposure to the USD in a convenient and cost efficient structure
    • Liquidity in rand: the product can be held to maturity or sold on the secondary market via the JSE during normal trading hours
    • Ease of transacting: being listed and traded on the JSE allows for easy access and daily pricing via your stockbroking account
    • Convenient offshore exposure: being inward-listed on the JSE means foreign investment allowance is not used for corporate and individual investors.

  • What is the return?

    • Performance of the USD 
    • Provides you with an interest return in USD, accrued on a daily basis at the USD 1 month LIBOR rate less 0.10% in addition to USD exposure for the nominal value
    • USD interest accrued over the term of the investment compounded monthly and paid to you on an annual basis, settled in rands at the prevailing exchange rate.

  • The IBLUSD is suitable if:

    • You want an investment that provides exposure to the USD, as well as a LIBOR based interest return in USD, settled in rand
    • You do not seek a guaranteed return in rand of your principal investment amount, and are willing to accept potential loss of some or all of your investment
    • You are willing to invest in an unsecured uncollateralised note and assume credit risk on Investec.

  • How will the IBLUSD be valued?

    Each Investec USD ETN has a Nominal Amount of $100. In addition, interest accrued since the previous Interest Payment Date will be included in the value of each Investec USD ETN.

  • How to invest

    The Investec USD ETN is inward listed on the Johannesburg Stock Exchange Limited (“JSE”) providing you with convenient access via your stockbroking account. Simply trade online or call your Stockbroker. There are no fees levied when investing in the Investec USD ETN, however brokerage may be payable as specified by your stockbroker.

IBLUSD

Details
Previous closing day price {[Previous_Closing_Price]}
USD/ZAR Exchange Rate {[Exchange_Rate]}
Date last updated {[DateTimeText]}
Interest rate USD LIBOR 1 month less 0.10%
Issue date 19 October 2016
Maturity date 19 October 2046
Long name IBL USDZAR OCT46
Short name IBLUSDZAR
JSE code IBLUSD
Details
Previous closing day price {[Previous_Closing_Price]}
USD/ZAR Exchange Rate {[Exchange_Rate]}
Date last updated {[DateTimeText]}
Interest rate USD LIBOR 1 month less 0.10%
Issue date 19 October 2016
Maturity date 19 October 2046
Long name IBL USDZAR OCT46
Short name IBLUSDZAR
JSE code IBLUSD

IBLUSD brochure PDF 451.79 KB
IBLUSD factsheet PDF 129.35 KB
IBLUSD pricing supplement PDF 588.74 KB
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Disclaimer

The information furnished in this report, brochure, document, material or communication has been prepared by Investec Bank Limited and/or Investec Securities Proprietary Limited (collectively and herein referred to as “Investec”). The information referred herein has been obtained from various sources believed to be reliable, and may include opinions, estimates and facts relating to the related products as well as current events or prevailing market conditions as at the date/time of the information going to print, which conditions or facts may change without prior notification to the recipients. Investec or its affiliates and/or any of its subsidiaries do not warrant the completeness or accuracy of the information. The information contained herein is for information purposes only and readers should not rely on such information as advice in relation to a specific issue without taking financial, banking, investment or other professional advice. Investec and/or its employees may hold a position in any securities or financial instruments mentioned herein. The information contained in this document does not constitute an offer or solicitation of investment, financial or banking services by Investec. Investec accepts no liability for any loss or damage of whatsoever nature including, but not limited to, loss of profits, goodwill or any type of financial or other pecuniary or direct or special indirect or consequential loss howsoever arising whether in negligence or for breach of contract or other duty as a result of use of the or reliance on the information contained in this document, whether authorised or not. Investec does not make representation that the information provided is appropriate for use in all jurisdictions or by all investors or other potential clients who are therefore responsible for compliance with their applicable local laws and regulations. This  document may not be reproduced in whole or in part or copies circulated without the prior written consent of Investec.  Investec is a registered bank in South Africa, with Registration No.1972/008905/07. Investec is a Member of the JSE Equity, Equity Derivatives, Currency Derivatives, Bond Derivatives and Interest Rate Derivatives Markets. An authorised financial services provider No. 15886. A registered credit provider registration no. NCRCP262.