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New Financial Instrument Listing Announcement – IVC314
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 – IVC314
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 IVC314), under Investec Bank Limited's Credit Linked
Note Programme dated 17 March 2021.
The IVC314 Notes will be issued to Noteholders on the date of listing being with effect from
7 November 2024 commencement of trade.
Salient features of the IVC314 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R50,000,000 in aggregate for all the Notes
on the Issue Date
Instrument Senior unsecured listed single name credit
linked Notes
Issue Date 7 November 2024
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months or, if ZAR-JIBAR-
SAFEX ceases to be the approved
Reference Rate, 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).
Margin For the period commencing on (and
including) the Issue Date and terminating
on (but excluding) the Optional
Redemption Date (Call) as adjusted in
accordance with the applicable Business
Day Convention (as specified in the
Applicable Pricing Supplement), 1.45%
For the period commencing on (and
including) the Optional Redemption Date
(Call) as adjusted in accordance with the
applicable Business Day Convention (as
specified in the Applicable Pricing
Supplement) and terminating on (but
excluding) the Scheduled Maturity Date,
1.65%
Scheduled Maturity Date 7 November 2027
Optional Redemption Date (Call) 7 November 2026
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount per Note
plus accrued unpaid interest, if any, up to
but excluding, the Scheduled Maturity Date
Interest Commencement Date Issue Date
Books Close Period (i) 28 January to 7 February, 27 April
to 7 May, 28 July to 7 August and
28 October to 7 November
(inclusive of the first day but
exclusive of the last day in each
period) in each year until the
Applicable Redemption Date; or
(ii) 10 (ten) days prior to but excluding
the day which is a Payment Day
Last Day to Register 27 January, 26 April, 27 July and
27 October each year, or if such day is not
a Business Day, the Business Day before
each Books Closed Period, or in respect of
item (ii) above, the last Business Day
immediately preceding the commencement
of the Books Closed Period
Interest Payment Dates 7 February, 7 May, 7 August and
7 November until the Applicable
Redemption Date 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 the
Applicable Pricing Supplement), with the
first Interest Payment Date being
7 February 2025
Business Day Convention Following Business Day
JSE Stock Code IVC314
ISIN ZAG000210303
Aggregate Nominal Amount of Notes Outstanding under the ZAR12 437 200 000 (twelve billion four
Programme after this issuance hundred and thirty seven million two
hundred thousand 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: 6 November 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 06-11-2024 11:30:00
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