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New Financial Instrument Listing Announcement - IVC301
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 – IVC301
Application has been made to the JSE Limited ("JSE") for the listing of R100,000,000 (one
hundred million Rand) senior unsecured mixed rate credit linked Notes (stock code IVC301),
under Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC301301 Notes will be issued to Noteholders on the date of listing being with effect
from 17 July 2024 commencement of trade.
Salient features of the IVC301 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 17 July 2024
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
plus a margin of 1.80% from the
issue date to the Scheduled
Maturity Date
Scheduled Maturity Date 20 July 2029
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount
per Note plus accrued unpaid
interest (if any), to but excluding the
Scheduled Maturity Date
Interest Commencement Date Issue Date
Books Close Period (i) from 10 March to 20 March;
10 June to 20 June; 10 September
to 20 September; and 10 December
to 20 December in each year
(including the first day but excluding
the last day of each period), until the
applicable Redemption Date,
provided that there will be no Books
Close Period from 10 June 2029 to
20 June 2029 and there will be a
Books Close Period from 10 July
2029 to 20 July 2029 (including the
first day but excluding the last day of
each period);or
(ii) from the date that is 10 (ten) days
prior to any Payment Day until (but
excluding) the Payment Date
Last Day to Register 9 March, 9 June, 9 September and
9 December in each year, provided
that there will be no Last Day to
Register on 9 June 2029 and there
will be a Last Day to Register on 9
July 2029. If any 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 March, 20 June, 20 September
and 20 December in each year and
the applicable Redemption Date 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 20 September
2024, provided that there will be no
Interest Payment Date on 20 June
2029 and the last Interest Payment
Date shall be on 20 July 2029, as
determined in accordance with the
applicable Business Day
Convention
Business Day Convention Following Business Day
JSE Stock Code IVC301
ISIN ZAG000206996
Aggregate Nominal Amount of Notes Outstanding ZAR11,885,929,171 (eleven billion,
under the Programme after this issuance eight hundred and eighty-five
million, nine hundred and twenty-
nine thousand, one hundred and
seventy one 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: 16 July 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 16-07-2024 11:35:00
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