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New Financial Instrument Listing Announcement – IVC291
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 – IVC291
Application has been made to the JSE Limited ("JSE") for the listing of R200,000,000 (two hundred
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC291), under Investec
Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC291 Notes will be issued to Noteholders on the date of listing being with effect from
5 February 2024 commencement of trade.
Salient features of the IVC291 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R1,000,000 per Note on the Issue Date
Instrument Senior unsubordinated unsecured
Notes
Issue Date 5 February 2024
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
2.30% (two point three zero percent) for
the period beginning on and including
the Issue Date to but excluding the
Scheduled Maturity Date
Scheduled Maturity Date 20 January 2029
Optional Redemption Date (Call) N/A
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount per
Note (plus accrued unpaid interest, if
any, up to the Applicable Redemption
Date
Interest Commencement Date Issue Date
Books Close Period The Register will be closed from:
(i) 11 April to 20 April,
11 July to 20 July,
11 October to 20 October,
11 January to 20 January in
each year (all dates inclusive)
until the Scheduled Maturity
Date or
(ii) 10 (ten) days prior to any
Payment Day
Last Day to Register 10 April, 10 July, 10 October,
10 January 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 20 April, 20 July, 20 October and
20 January in each year and the
Scheduled Maturity 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
20 April 2024
Business Day Convention Following Business Day
JSE Stock Code IVC291
ISIN ZAG000202888
Aggregate Nominal Amount of Notes Outstanding ZAR12,733,252,406 (twelve billion
under the Programme after this issuance seven hundred and thirty three 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: 5 February 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 05-02-2024 09:45:00
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