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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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