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New Financial Instrument Listing Announcement – IVC255
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 – IVC255
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 IVC255), under Investec Bank
Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC255 Notes will be issued to Noteholders on the date of listing being with effect from
2 June 2023 commencement of trade.
Salient features of the IVC255 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 2 June 2023
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
3.10% (three point one zero percent) for
the period beginning on and including
the Issue Date to but excluding the
Scheduled Maturity Date (adjusted in
accordance with the applicable
Business Day Convention)
Scheduled Maturity Date 20 July 2028
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, to the Scheduled Maturity Date)
Interest Commencement Date Issue Date
Books Close Period The Register will be closed from
(i) 11 March to 20 March, 11 June
to 20 June, 11 September to 20
September and 11 December to
20 December and 11 July 2028
to 20 July 2028 (all dates
inclusive) in each year until the
Applicable Redemption Date;
or
(ii) 10 (ten) days prior and
including any Payment Day
Last Day to Register 10 March, 10 June, 10 September
and10 December in each year and 10
July 2028, or if such day is not a
Business Day, the Business Day before
each Books Closed Period, or (if (ii)
above is applicable) the Business Day
immediately preceding the
commencement of the Books Closed
Period
Interest Payment Dates means 20 March, 20 June, 20
September and 20 December of each
calendar 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 June 2023 and the final Interest
Payment Date being 20 July 2028
Business Day Convention Following Business Day
JSE Stock Code IVC255
ISIN ZAG000196700
Aggregate Nominal Amount of Notes Outstanding ZAR10,352,052,406 (Ten Billion Three
under the Programme after this issuance Hundred Fifty Two 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: 1 June 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 01-06-2023 10:50:00
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