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New Financial Instrument Listing – IVC317
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 – IVC317
Application has been made to the JSE Limited ("JSE") for the listing of R100,000,000 (one
hundred million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC317), under Investec Bank Limited's Credit Linked Note Programme dated
17 March 2021.
The IVC317 Notes will be issued to Noteholders on the date of listing being with effect from
21 November 2024 commencement of trade.
Salient features of the IVC317 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 21 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 34
(Notices), plus a margin of 1.95%
from the Issue Date to but excluding
the Scheduled Maturity Date (as
adjusted in accordance with the
applicable Business Day
Convention)
Scheduled Maturity Date 21 November 2029
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 date fixed for Redemption
Interest Commencement Date Issue Date
Books Close Period from 11 to 21 November, 11 to
21 February, 11 to 21 May and 11 to
21 August, in each year (including
the first day but excluding the last
day of each period) until the
Applicable Redemption Date, or 10
(ten) days prior to but excluding any
Payment Day
Last Day to Register 10 November, 10 February, 10 May
and 10 August in 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 21 November, 21 February, 21 May
and 21 August, in 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 21 February
2025
Business Day Convention Following Business Day
JSE Stock Code IVC317
ISIN ZAG000210832
Aggregate Nominal Amount of Notes Outstanding ZAR12,307,000,000 (twelve billion
under the Programme after this issuance three hundred and seven million
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: 20 November 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 20-11-2024 05:46:00
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