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New Financial Instrument Listing Announcement – IVC315
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 – IVC315
Application has been made to the JSE Limited ("JSE") for the listing of R175,000,000 (one hundred
and seventy five million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC315), under Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC315 Notes will be issued to Noteholders on the date of listing being with effect from
15 November 2024 commencement of trade.
Salient features of the IVC315 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 15 November 2024
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus a margin of:
1.75% (one point zero 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)
Reference Rate 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 15 November 2027
Optional Redemption Date (Call) 15 November 2026
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
5 February to 15 February, 5 May to
15 May, 5 August to 15 August and
5 November to 15 November (including
the first day but excluding the last day
of each period) in each year until the
Applicable Redemption Date, or 10
(ten) days prior but excluding any
Payment Day
Last Day to Register 4 February, 4 May, 4 August and
4 November 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 15 February, 15 May, 15 August
and 15 November of each calendar year
or, if such day is not a Business Day, the
Business Day on which interest will be
paid, will be as determined in
accordance with the applicable
Business Day Convention (as specified
in the Applicable Pricing Supplement),
with the first Interest Payment Date
being 15 February 2025
Business Day Convention Following Business Day
JSE Stock Code IVC315
ISIN ZAG000210568
Aggregate Nominal Amount of Notes Outstanding ZAR12,107,000,000 (twelve billion
under the Programme after this issuance one hundred and seven million 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: 14 November 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 14-11-2024 10:40:00
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