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New Financial Instrument Listing Announcement – IVC311
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 – IVC311
Application has been made to the JSE Limited ("JSE") for the listing of R100,000,000 (one
hundred million Rand) senior unsecured mixed rate credit linked Notes (stock code IVC311),
under Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC311 Notes will be issued to Noteholders on the date of listing being with effect from
3 October 2024 commencement of trade.
Salient features of the IVC311 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 3 October 2024
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
plus a margin of 3% nominal annual
compounded quarterly in arrear
from the date commencing on and
including the Issue Date to but
excluding 31 July 2029 (as adjusted
in accordance with the applicable
Business Day Convention)
10.02% from the date commencing
on and including 31 July 2029 (as
adjusted in accordance with the
applicable Business Day
Convention) to but excluding the
Scheduled Maturity Date
Scheduled Maturity Date 31 January 2037
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount
per Note (plus accrued unpaid
interest and break costs, if any, to
but excluding the Scheduled
Maturity Date
Interest Commencement Date Issue Date
Books Close Period from 21 to 31 January, 20 to 30
April, 21 to 31 July and from 21 to
31 October in each year (inclusive
of the first date and exclusive of the
final date) until the Applicable
Redemption Date, or 10 (ten) days
prior to but excluding any Payment
Day
Last Day to Register 20 January, 19 April, 21 July and 21
October 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 31 January, 30 April, 31 July and 31
October of each calendar year, with
the first Interest Payment Date
being 31 January 2025 and if any of
these dates 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 IVC311
ISIN ZAG000209438
Aggregate Nominal Amount of Notes Outstanding ZAR12,249,200,000 (twelve billion
under the Programme after this issuance two hundred and forty-nine million
two hundred thousand 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: 2 October 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 02-10-2024 11:25:00
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