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New Financial Instrument Listing Announcement – IVC332
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 – IVC332
Application has been made to the JSE Limited ("JSE") for the listing of R60,000,000 (sixty million
Rand) senior unsecured floating rate credit linked Notes (stock code IVC332), under Investec Bank
Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC332 Notes will be issued to Noteholders on the date of listing being with effect from
31 March 2025 commencement of trade.
Salient features of the IVC332 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 31 March 2025
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus a margin of:
1.25% (one point two five percent) for
the period beginning on and including
the Issue Date to but excluding the
Optional Redemption Date (Call)
(adjusted in accordance with the
applicable Business Day Convention);
and
1.40% (one point four zero percent) for
the period beginning on and including
the Optional Redemption Date (Call) to
but excluding the Scheduled Maturity
Date (adjusted in accordance with the
applicable Business Day Convention)
Reference Rate 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 34 (Notices)
Scheduled Maturity Date 01 February 2029
Optional Redemption Date (Call) 01 February 2027 such date as adjusted
in accordance with the applicable
Business Day Convention
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
21 April to 01 May, 22 July to 01
Augustus, 22 October to 01 November
and 22 January to 01 February 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 20 April, 21 July, 21 October and
21 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 means 01 May, 01 Augustus,
01 November and 01 February 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 01 May 2025
Business Day Convention Following Business Day
JSE Stock Code IVC332
ISIN ZAG000214263
Aggregate Nominal Amount of Notes Outstanding ZAR13,953,500,000 (thirteen billion
under the Programme after this issuance nine hundred fifty three million and five
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: 28 March 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 28-03-2025 02:10:00
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