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INVESTEC BANK LIMITED - New Financial Instrument Listing Announcement IVC274

Release Date: 26/09/2023 17:46
Code(s): IVC274     PDF:  
Wrap Text
New Financial Instrument Listing Announcement – IVC274

 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 – IVC274

Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (fifty million Rand)
senior unsecured floating rate credit linked Notes (stock code IVC274), under Investec Bank Limited’s
Credit Linked Note Programme dated 17 March 2021.

The IVC274 Notes will be issued to Noteholders on the date of listing being with effect from
27 September 2023 commencement of trade.

Salient features of the IVC274 Notes are listed below:

Issuer                                                         Investec Bank Limited

Principal Amount                                               R1,000,000 per Note on the Issue Date

Instrument                                                     Senior unsubordinated         unsecured
                                                               credit linked Notes

Issue Date                                                     27 September 2023

Nominal Amount per Note                                        R1,000,000

Interest Rate                                                  ZAR-JIBAR-SAFEX with a Designated
                                                               Maturity of 3 months plus a margin of
                                                               255bps from the date beginning on and
                                                               including the Issue Date to but
                                                               excluding the Scheduled Maturity Date
Scheduled Maturity Date                                        20 January 2029

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:
                                                               (i)     17 December to 27 December,
                                                                       17 March to 27 March,
                                                                       17 June to 27 June, and
                                                                       17 September to 27 September
                                                                       in each year (all dates inclusive)
                                                                       until the Applicable Redemption
                                                                       Date as well as 10 January
                                                                       2029 to 20 January 2029 (all
                                                                       dates inclusive) or
                                                              (ii)     10 (ten) days prior to any
                                                                       Payment Day
Last Day to Register                                          The last Business Day immediately
                                                              preceding the commencement of the
                                                              Books Closed Period

Interest Payment Dates                                       Means 27 December, 27 March,
                                                             27 June and 27 September in each year
                                                             and the Scheduled Maturity Date being
                                                             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
                                                             27 December 2023


Business Day Convention                                      Following Business Day

JSE Stock Code                                               IVC274

ISIN                                                         ZAG000199712

Aggregate Nominal Amount of Notes Outstanding               ZAR 11,817,052,406 (eleven billion
under the Programme after this issuance                     eight hundred and seventeen thousand
                                                            and fifty two 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: 26 September 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za

Date: 26-09-2023 05:46:00
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