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New Financial Instrument Listing Announcement – IVC275
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 – IVC275
Application has been made to the JSE Limited (“JSE”) for the listing of R120,000,000 (One hundred
and twenty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC275),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC275 Notes will be issued to Noteholders on the date of listing being with effect from
6 October 2023 commencement of trade.
Salient features of the IVC275 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 6 October 2023
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of
252bps from the date beginning on and
including the Issue Date to but
excluding the Scheduled Maturity Date
Scheduled Maturity Date 20 January 2029
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 The Register will be closed from:
(i) 11 October to 20 October,
11 January to 20 January,
11 April to 20 April, 11 July to
20 July in each year (all dates
inclusive) until the Applicable
Redemption Date or
(ii) 10 (ten) days prior to any
Payment Day
Last Day to Register 10 October, 10 January, 10 April,
10 July 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 Means 20 October, 20 January, 20 April
and 20 July in each year and the
Scheduled Maturity Date being 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
20 October 2023
Business Day Convention Following Business Day
JSE Stock Code IVC275
ISIN ZAG000199886
Aggregate Nominal Amount of Notes Outstanding ZAR11,411,752,406 (eleven billion four
under the Programme after this issuance hundred and eleven million seven
hundred and 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: 4 October 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 04-10-2023 02:20:00
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