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New Financial Instrument Listing Announcement – IVC296
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 – IVC296
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 IVC296), under
Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC296 Notes will be issued to Noteholders on the date of listing being with effect from
30 April 2024 commencement of trade.
Salient features of the IVC296 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 30 April 2024
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
plus the Margin
Margin 1.65% (one point six five percent)
for the period beginning on and
including the Issue Date to but
excluding Scheduled Maturity Date;
Scheduled Maturity Date 30 April 2027
Optional Redemption Date (Call) N/A
Issue price per Note 100%
Final Redemption Amount per Note The 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 From 21 to 30 January,
21 to 30 April, 21 to 30 July and
21 to 30 October in each year until
the Applicable Redemption Date, or
9 (nine) days prior to any Payment
Day
Last Day to Register 20 January, 20 April, 20 July and
20 October 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 Means 30 January, 30 April, 30 July
and 30 October in each year 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 30 July 2024
Business Day Convention Following Business Day
JSE Stock Code IVC296
ISIN ZAG000205063
Aggregate Nominal Amount of Notes Outstanding ZAR12,994,252,406 (twelve billion
under the Programme after this issuance nine hundred and ninety four million
two hundred and fifty two thousand
four hundred and six 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: 29 April 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 29-04-2024 02:30:00
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