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New Financial Instrument Listing Announcement – IVC250
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 – IVC250
Application has been made to the JSE Limited (“JSE”) for the listing of R250,000,000 (two hundred
and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC250), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC250 Notes will be issued to Noteholders on the date of listing being with effect from
26 April 2023 commencement of trade.
Salient features of the IVC250 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 26 April 2023
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
1.95% (one point nine five percent) for
the period beginning on and including
the Issue Date to but excluding the
Optional Redemption Date (Call)
(adjusted in accordance with the
applicable Business Day Convention);
and
2.20% (two point two zero percent) for
the period beginning on and including
the Optional Redemption Date (Call) to
but excluding the Scheduled Maturity
Date (adjusted in accordance with the
applicable Business Day Convention)
Scheduled Maturity Date 26 April 2025
Optional Redemption Date (Call) N/A
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount per
Note (plus accrued unpaid interest, if
any, to the Scheduled Maturity Date)
Interest Commencement Date Issue Date
Books Close Period The Register will be closed from 17
January to 26 January, 17 April to 26
April, 17 July to 26 July and 17 October
to 26 October (all dates inclusive) in
each year until the Applicable
Redemption Date, or 10 (ten) days prior
and including any Payment Day
Last Day to Register 16 January, 16 April, 16 July and 16
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 means 26 January, 26 April, 26 July and
26 October of each calendar year 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), with
the first Interest Payment Date being
26 July 2023
Business Day Convention Following Business Day
JSE Stock Code IVC250
ISIN ZAG000195694
Aggregate Nominal Amount of Notes Outstanding ZAR10,787,052,406 (ten billion seven
under the Programme after this issuance hundred and eighty-seven million 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: 24 April 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 24-04-2023 12:25:00
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