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New Financial Instrument Listing Announcement – IVC295
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 – IVC295
Application has been made to the JSE Limited ("JSE") for the listing of R35,000,000 (thirty
five million Rand) senior unsecured mixed rate credit linked Notes (stock code IVC295),
under Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC295 Notes will be issued to Noteholders on the date of listing being with effect from
29 April 2024 commencement of trade.
Salient features of the IVC295 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R1,000,000 per Note on the Issue
Date
Instrument Senior unsecured credit linked
Notes
Issue Date 29 April 2024
Nominal Amount per Note R1,000,000
Interest Rate 10.06% nominal annual
compounded quarterly in arrear
from the date commencing on and
including the Issue Date to but
excluding the Optional Redemption
Date (Call)
ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
plus a margin of 2.08% from the
date commencing on and including
the Optional Redemption Date
(Call) to but excluding the
Scheduled Maturity Date
Scheduled Maturity Date 20 July 2029
Optional Redemption Date (Call) 20 July 2027
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount
per Note (plus accrued unpaid
interest and break costs, if any, to
but excluding the Scheduled
Maturity Date
Interest Commencement Date Issue Date
Books Close Period from 11 January to 20 January,
11 April to 20 April and
11 July to 20 July and 11 October to
20 October in each year until the
Applicable Redemption Date, or 9
(nine) days prior any Payment Day
Last Day to Register 10 January, 10 April, 10 July and
10 October in each year, 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 20 January, 20 April, 20 July and 20
October of each calendar year, with
the first Interest Payment Date
being 20 July 2024 and if any of
these dates is not a Business Day,
the Business Day on which interest
will be paid, as determined in
accordance with the applicable
Business Day Convention
Business Day Convention Following Business Day
JSE Stock Code IVC295
ISIN ZAG000205006
Aggregate Nominal Amount of Notes Outstanding ZAR12,964,252,406 (twelve billion
under the Programme after this issuance nine hundred and sixty four million
two hundred and fifty two thousand
four hundred and six Rand)
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: 26 April 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 26-04-2024 01:20:00
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