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New Financial Instrument Listing Announcement – IVC260
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 – IVC260
Application has been made to the JSE Limited (“JSE”) for the listing of R150,000,000 (one
hundred and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC260), under Investec Bank Limited’s Credit Linked Note Programme dated 17 March
2021.
The IVC260 Notes will be issued to Noteholders on the date of listing being with effect from
22 June 2023 commencement of trade.
Salient features of the IVC260 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 22 June 2023
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
plus a margin of 150bps 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 165bps from the
date beginning on and including the
Optional Redemption Date (Call) to
but excluding the Scheduled
Maturity Date
Scheduled Maturity Date 2 October 2026
Optional Redemption Date (Call) 2 October 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 March to 2 April, 23 June to 2
July, 23 September to 2 October and
24 December to 2 January (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 23 March, 22 June, 22 September
and 23 December 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 2 April, 2 July, 2 October and 2
January 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 July 2023
Business Day Convention Following Business Day
JSE Stock Code IVC260
ISIN ZAG000197070
Aggregate Nominal Amount of Notes Outstanding ZAR10,962,052,406 (ten billion nine
under the Programme after this issuance hundred and sixty-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: 21 June 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 21-06-2023 11:05:00
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