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New Financial Instrument Listing Announcement – IVC252
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 – IVC252
Application has been made to the JSE Limited (“JSE”) for the listing of R30,000,000 (thirty
million Rand) senior unsecured mixed rate credit linked Notes (stock code IVC252), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC252 Notes will be issued to Noteholders on the date of listing being with effect from
25 May 2023 commencement of trade.
Salient features of the IVC252 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 25 May 2023
Nominal Amount per Note R1,000,000
Interest Rate 10.60% nominal annual
compounded annually in arrear
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 200bps from and
including the Optional Redemption
Date (Call) to but excluding the
Scheduled Maturity Date
Scheduled Maturity Date 20 June 2025
Optional Redemption Date (Call) 20 June 2024
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 For the period from the Issue Date to
the Optional Redemption Date
(Call), the Register will be closed
from 11 June to 20 June (all dates
inclusive) in each year; and
For the period from the Optional
Redemption Date (Call) to the
Maturity Date, the Register will be
closed from 11 March to 20 March,
11 June to 20 June, 11 September
to 20 September and 11 December
to 20 December (all dates inclusive)
in each year; or
10 (ten) days prior to and including
any Payment Day during either of
the periods
Last Day to Register For the period from the Issue Date
to the Optional Redemption Date
(Call), 10 June in each year, and
For the period from the Optional
Redemption Date (Call) to the
Maturity Date, 10 March, 10 June,
10 September and 10 December in
each year, or
if any such day is not a Business
Day, the last Business Day
immediately preceding the
commencement of the Books
Closed Period
Interest Payment Dates For the period commencing on but
including the Issue Date to the
Optional Redemption Date (Call) 20
June of each year, with the first
interest payment date being 20
June 2023; and
For the period from the Optional
Redemption Date (Call) to the
Maturity Date, 20 March, 20 June,
20 September and 20 December of
each year and the 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
Business Day Convention Following Business Day
JSE Stock Code IVC252
ISIN ZAG000196445
Aggregate Nominal Amount of Notes Outstanding ZAR10,292,052,406 (ten billion two
under the Programme after this issuance hundred and ninety-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: 25 May 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 25-05-2023 09:05:00
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