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New Financial Instrument Listing Announcement – IVC299
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 – IVC299
Application has been made to the JSE Limited ("JSE") for the listing of R30,000,000 (thirty million
Rand) senior unsecured floating rate credit linked Notes (stock code IVC299), under Investec Bank
Limited's Credit Linked Note Programme dated 17 March 2021 ("Programme Memorandum").
The IVC299 Notes will be issued to Noteholders on the date of listing being with effect from
1 July 2024 commencement of trade.
Salient features of the IVC299 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 1 July 2024
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
1,525% (one point five two five
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)
Scheduled Maturity Date 31 March 2032
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
(i) 21 March to 31 March; 20 June
to 30 June; 20 September to
30 September and 21 December
to 31 December, in each year
(including the first date but
excluding the last date of each
period) until the applicable
Redemption Date; or
(ii) From the date that is 10 (ten)
days prior to any Payment Day
until (but excluding) the
Payment Date
Last Day to Register 20 March; 19 June, 19 September and
20 December in each year, or if such
day is not a Business Day, the Business
Day before each Books Closed Period,
or, if item 40(ii) above is applicable, the
Business Day immediately preceding
the commencement of the Books
Closed Period
Interest Payment Dates Means 31 March; 30 June;
30 September and 31 December in each
year and the applicable Redemption
Date or, if any 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
30 September 2024
Business Day Convention Following Business Day
JSE Stock Code IVC299
ISIN ZAG000206616
Aggregate Nominal Amount of Notes Outstanding ZAR12,026,632,935.00 (twelve billion
under the Programme after this issuance and twenty six million six hundred and
thirty two thousand nine hundred and
thirty five Rand).
The Pricing Supplement contains any additional An additional early redemption event,
terms and conditions or changes to the terms and the Reference Obligation Early
conditions as contained in the Programme Redemption Event was included. The
Memorandum. calculation of the Early Redemption
Amount when a Reference Obligation
Early Redemption Event, Tax Event,
illegality or an Event of Default differs
from the calculation of an early
redemption amount stipulated in the
Programme Memorandum. The Credit
Event Redemption Amount per Note
(the fall back settlement) also differs
from the formula stipulated in the
Programme Memorandum.
Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes.
Date: 28 June 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 28-06-2024 03:00:00
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