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New Financial Instrument Listing Announcement – IVC263
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 – IVC263
Application has been made to the JSE Limited (“JSE”) for the listing of R350,000,000 (three hundred
and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC263), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC263 Notes will be issued to Noteholders on the date of listing being with effect from
12 July 2023 commencement of trade.
Salient features of the IVC263 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 12 July 2023
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of
160bps from the date beginning on and
including the Issue Date to but
excluding the Optional Redemption
Date (Call);
ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of
175bps from the date beginning on and
including the Optional Redemption
Date (Call) to but excluding the
Scheduled Maturity Date
Scheduled Maturity Date 2 November 2027
Optional Redemption Date (Call) 2 November 2025 the Optional
Redemption Date (Call)
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 24 January to 2 February, 23 April to 2
May, 24 July to 2 August and 24 October
to 2 November (all dates inclusive) in
each year until the Applicable
Redemption Date; or 10 (ten) days prior
and including any Payment Day
Last Day to Register the last Business Day immediately
preceding the commencement of the
Books Closed Period
Interest Payment Dates 2 February, 2 May, 2 August and 2
November until the Applicable
Redemption Date 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 2 August 2023
Business Day Convention Following Business Day
JSE Stock Code IVC263
ISIN ZAG000197591
Aggregate Nominal Amount of Notes Outstanding ZAR11,268,052,406 (eleven billion two
under the Programme after this issuance hundred and sixty-eight million, 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: 11 July 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 11-07-2023 11:40:00
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