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New Financial Instrument Listing Announcement – IVC313
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 – IVC313
Application has been made to the JSE Limited ("JSE") for the listing of R38,000,000 (thirty eight
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC313), under Investec
Bank Limited's Credit Linked Note Programme dated 17 March 2021 ("Programme
Memorandum").
The IVC313 Notes will be issued to Noteholders on the date of listing being with effect from
15 October 2024 commencement of trade.
Salient features of the IVC313 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 October 2024
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
1.54% (one point fifty four percent) for
the period beginning on and including
the Issue Date to but excluding the
applicable Redemption Date (adjusted
in accordance with the applicable
Business Day Convention)
If ZAR-JIBAR-SAFEX ceases to be the
approved Reference Rate, the
Reference Rate will be 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 19 (Notices)
of the Programme Memorandum
Scheduled Maturity Date 20 January 2030
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, but excluding, the Scheduled
Maturity Date)
Interest Commencement Date Issue Date
Books Close Period The Register will be closed from 10
January to 20 January; 10 April to 20
April; 10 July to 20 July, 10 October to
20 October in each year (including the
first day but excluding the last day of
each period), until the applicable
Redemption Date, or from the date that
is 10 (ten) days prior to any Payment
Day until (but excluding) the Payment
Date
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 and the applicable
Redemption Date and with the first
Interest Payment Date being 20 January
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 IVC313
ISIN ZAG000209701
Aggregate Nominal Amount of Notes Outstanding ZAR12,196,404,573. The Issuer
under the Programme after this issuance confirms that aggregate Principal
Amount of all Notes Outstanding under
this Programme is within the
Programme Amount
The Pricing Supplement contains additional terms The following terms in the Applicable
and conditions or changes to the terms and Pricing Supplement differ from the
conditions as contained in the Programme terms in the Programme Memorandum.
Memorandum. The calculation of:
(a) the Early Redemption Amount
when a Tax Event, illegality or an Event
of Default occurs;
(b) the Calculation Amount for
purposes of calculating the interest
payable on the Notes;
(c) the Cash Settlement amount
per Note in the event of a Credit Event
occurring
(d) the provisions related to the
settlement method applicable in the
event of a Credit Event occurring; and
(e) the insertion of a new definition
for Unwind Costs and Credit Event
Redemption Amount.
Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes.
Date: 14 October 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 14-10-2024 02:30:00
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