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New Financial Instrument Listing Announcement – IVC333
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 – IVC333
Application has been made to the JSE Limited ("JSE") for the listing of R800,000,000 (eight hundred
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC333), under Investec
Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC333 Notes will be issued to Noteholders on the date of listing being with effect from
2 April 2025 commencement of trade.
Salient features of the IVC333 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 2 April 2025
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus a margin of
1.95% (one point nine five percent) for
the period beginning on and including
the Interest Commencement Date to but
excluding the 20 July 2030 Optional
Redemption Date (Call) as adjusted in
accordance with the applicable
Business Day convention; and
2.20% (two-point two zero percent) for
the period commencing on and
including the first Optional Redemption
Date (Call) on 20 July 2030 to but
excluding the Scheduled Maturity Date,
each such date as adjusted in
accordance with the applicable business
day convention
Reference Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months or, if
ZAR-JIBAR-SAFEX ceases to be the
approved Reference Rate, the
replacement Reference Rate (together
with a spread (if applicable))
determined by the Calculation Agent in
its sole discretion taking into account
prevailing market practice and any
spread published by a governmental
authority or industry body and notified
to the Noteholders in accordance with
Condition 34 (Notices)
Scheduled Maturity Date 20 July 2031
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount per
Note plus accrued unpaid interest, if
any, to the date fixed for Redemption
Interest Commencement Date Issue Date
Books Close Period The Register will be closed from
(i) 10 January to 20 January, 10 April to
20 April, 10 July to 20 July and 10
October to 20 October in each year
(inclusive of the first date and exclusive
of the last date) until the Applicable
Redemption Date; or
(ii) 10 (ten) days prior but excluding any
Payment Day
Last Day to Register 9 January, 9 April, 9 July and 9 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 in each year from but
excluding the Interest Commencement
date to but including Scheduled
Maturity Date with the first Interest
Payment Date being 20 July 2025 or, if
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 the
Applicable Pricing Supplement)
Business Day Convention Following Business Day
JSE Stock Code IVC333
ISIN ZAG000214321
Aggregate Nominal ZAR14,753,500,000 (fourteen billion
Amount of Notes Outstanding seven hundred and fifty-three million five
under the Programme hundred thousand Rand)
after this issuance
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: 1 April 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 02-04-2025 07:05:00
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