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New Financial Instrument Listing Announcement – IVC308
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 – IVC308
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 IVC308), under Investec Bank Limited's Credit Linked
Note Programme dated 17 March 2021.
The IVC308 Notes will be issued to Noteholders on the date of listing being with effect from
16 August 2024 commencement of trade.
Salient features of the IVC308 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R30,000,000 in aggregate for all the Notes
on the Issue Date
Instrument Senior unsecured listed single name credit
linked Notes
Issue Date 16 August 2024
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months plus the applicable
Margin
Margin For the period commencing on (and
including) the Issue Date and terminating
on (but excluding) the Optional
Redemption Date (Call) as adjusted in
accordance with the applicable Business
Day Convention (as specified in the
Applicable Pricing Supplement), 1.475%
For the period commencing on (and
including) the Optional Redemption Date
(Call) as adjusted in accordance with the
applicable Business Day Convention (as
specified in the Applicable Pricing
Supplement) and terminating on (but
excluding) the Scheduled Maturity Date,
1.70%
Scheduled Maturity Date 16 August 2027
Optional Redemption Date (Call) 16 August 2026
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 (i) 6 August to 16 August, 6
November to 16 November, 6 February to
16 February and 6 May to 16 May (all dates
inclusive) in each year until the Applicable
Redemption Date; or
(ii) 10 (ten) days prior to and
including any Payment Day
Last Day to Register 5 February, 5 May, 5 August and 5
November each year, or if 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 16 February, 16 May, 16 August and 16
November 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 16 November 2024
Business Day Convention Following Business Day
JSE Stock Code IVC308
ISIN ZAG000207978
Aggregate Nominal Amount of Notes Outstanding under the ZAR12,461,200,000 (twelve billion four
Programme after this issuance hundred and sixty one 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: 14 August 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 14-08-2024 01:30:00
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