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New Financial Instrument Listing Announcement – IVC350
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 – IVC350
Application has been made to the JSE Limited ("JSE") for the listing of R100,000,000 (one hundred
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC350), under Investec
Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC350 Notes will be issued to Noteholders on the date of listing being with effect from
27 May 2025 commencement of trade.
Salient features of the IVC350 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 27 May 2025
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus the Margin
Reference Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months or, if ZAR-JIBAR-
SAFEX ceases to be the approved
Reference Rate, the replacement
Reference Rate (together with a spread
(if applicable) determined by the
Calculation Agent in its sole discretion
taking into account prevailing market
practice or any spread published by a
governmental authority or industry
body) determined by the Calculation
Agent and notified to the Noteholders in
accordance with Condition 34 (Notices)
Margin 1.275% (one point two seven five
percent) from and including the Issue
Date up to but excluding the Optional
Redemption Date; and
1.425% (one point four two five percent)
from and including the Optional
Redemption Date until but excluding
the Scheduled Maturity Date
Issue price per Note 100%
Scheduled Maturity Date 27 May 2028
Final Redemption Amount per Note The aggregate outstanding Principal
Amount plus interest accrued (if any) to
but excluding the date fixed for
Redemption
Optional Redemption Date (Call) 27 May 2027
Optional Redemption Amount (Call) the outstanding Principal Amount per
Note plus accrued unpaid interest (if
any) up to, but excluding the applicable
Redemption Date, less Unwind Costs
Interest Commencement Date Issue Date
Books Closed Period The Register will be closed from:
(i) 17 February to 27 February,
17 May to 27 May, 17 August to
27 August, 17 November to
27 November in each year
(inclusive of the first date and
exclusive of the last date in
each period) until the applicable
Redemption Date, or;
(ii) 10 (ten) days prior to and
excluding any Payment Day
Last Day to Register 16 February, 16 May, 16 August and
16 November in each year, or if any
such day is not a Business Day, the
Business Day before each Books
Closed Period, or in respect of item (ii)
above, the last Business Day
immediately preceding the
commencement of the Books Closed
Period.
Interest Payment Dates 27 February, 27 May, 27 August and
27 November in each year or, if any
such day is not a Business Day, the
Business Day on which interest will be
paid, will be as determined in
accordance with the applicable
Business Day Convention (as specified
in this Applicable Pricing Supplement)
with the first Interest Payment Date
being 27 August 2025
Business Day Convention Following Business Day
JSE Stock Code IVC350
ISIN ZAG000215914
Aggregate Nominal Amount of Notes Outstanding R16,255,495,226 (sixteen billion two
under the Programme after this issuance hundred fifty five million four hundred
ninety five thousand two hundred and
twenty 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: 26 May 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 26-05-2025 10:45:00
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