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INVESTEC BANK LIMITED - New Financial Instrument Listing Announcement IVC336

Release Date: 11/04/2025 12:55
Code(s): IVC336     PDF:  
Wrap Text
New Financial Instrument Listing Announcement – IVC336

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 – IVC336

Application has been made to the JSE Limited ("JSE") for the listing of R250,000,000 senior
unsecured credit linked Notes (stock code IVC336), under Investec Bank Limited's Credit Linked Note
Programme dated 17 March 2021.

The IVC336 Notes will be issued to Noteholders on the date of listing being with effect from
14 April 2025 commencement of trade.

Salient features of the IVC336 Notes are listed below:

Issuer                                                    Investec Bank Limited

Principal Amount                                          R250,000,000 per Note on the Issue Date

Instrument                                                Senior unsecured credit linked Notes

Issue Date                                                14 April 2025

Nominal Amount per Note                                   R100,000,000

Interest Rate                                             ZAR-JIBAR-SAFEX with a Designated
                                                          Maturity of 3 months plus a margin of
                                                          175bps from the date beginning on and
                                                          including the Issue Date to but excluding
                                                          the Scheduled Maturity Date
Scheduled Maturity Date                                   20 July 2032

Issue price per Note                                      100%

Final Redemption Amount per Note                          The aggregate outstanding Principal
                                                          Amount plus accrued unpaid interest (if
                                                          any) up to (but excluding) the date fixed
                                                          for Redemption

Interest Commencement Date                                Issue Date

Books Closed Period                                       The Register will be closed from 10 April
                                                          to 20 April, 10 July to 20 July, 10 October
                                                          to 20 October and 10 January to 20
                                                          January of each year (including the first
                                                          day but excluding the last day of each
                                                          period) until the applicable Redemption
                                                          Date, or the date which is 10 (ten) days
                                                          prior to (but excluding) any Payment Day


Last Day to Register                                      9 April, 9 July, 9 October and 9 January
                                                          of 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 April, 20 July, 20 October and 20
                                                          January of each 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 this Applicable Pricing
                                                          Supplement) with the first Interest
                                                          Payment Date being 20 July 2025


Business Day Convention                                   Modified Following Business Day

JSE Stock Code                                            IVC336

ISIN
                                                          ZAG000214917

Aggregate Nominal Amount of Notes Outstanding             ZAR15 250 495 226
under the Programme 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 other than additional terms regarding
the calculation of:


Investors should study the Applicable Pricing
Supplement for full details of the terms and conditions
applicable to these Notes.


Date: 11 April 2025

Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za

Date: 11-04-2025 12:55:00
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