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New Financial Instrument Listing Announcement – IVC305
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 – IVC305
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 IVC305), under
Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC305 Notes will be issued to Noteholders on the date of listing being with effect from
12 August 2024 commencement of trade.
Salient features of the IVC305 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 12 August 2024
Nominal Amount per Note R1,000,000
Interest Rate 9.04% nominal annual compounded
quarterly in arrear from the date
commencing on and including the
Issue Date to but excluding 12
August 2026 (as adjusted in
accordance with the applicable
Business Day Convention)
ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
plus a margin of 1.70% from the
date commencing on and including
12 August 2026 (as adjusted in
accordance with the applicable
Business Day Convention) to but
excluding the Scheduled Maturity
Date
Scheduled Maturity Date 12 August 2028
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 2 to 12 August, 2 to 12
November, 2 to 12 February and 2
to 12 May in each year (all dates
inclusive) until the Applicable
Redemption Date, or 10 (ten) days
prior to any Payment Day
Last Day to Register 1 August, 1 November, 1 February
and 1 May 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 12 August, 12 November, 12
February and 12 May of each
calendar year, with the first Interest
Payment Date being 12 November
2024 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 IVC305
ISIN ZAG000207846
Aggregate Nominal Amount of Notes Outstanding ZAR12,303,669,125 (twelve billion
under the Programme after this issuance three hundred and three million six
hundred and sixty nine thousand
one hundred and twenty five 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: 8 August 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 08-08-2024 01:30:00
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