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New Financial Instrument Listing Announcement – IVC297
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 – IVC297
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 IVC297), under Investec Bank
Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC297 Notes will be issued to Noteholders on the date of listing being with effect from 10 May
2024 commencement of trade.
Salient features of the IVC297 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 10 May 2024
Nominal Amount per Note R1,000,000
Interest Rate 9.88% nominal annual compounded
quarterly in arrear from the date
commencing on and including the Issue
Date to but excluding the Optional
Redemption Date (Call)
ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of
2.00% from the date commencing on
and including the Optional Redemption
Date (Call) to but excluding the
Scheduled Maturity Date
Scheduled Maturity Date 20 July 2029
Optional Redemption Date (Call) 20 July 2027
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 11 January to 20 January,
11 April to 20 April and
11 July to 20 July and 11 October to 20
October in each year until the Applicable
Redemption Date, or 9 (nine) days prior
any Payment Day
Last Day to Register 10 January, 10 April, 10 July and
10 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 20 January, 20 April, 20 July and 20
October of each calendar year, with the
first Interest Payment Date being 20
July 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 IVC297
ISIN ZAG000205410
Aggregate Nominal Amount of Notes Outstanding ZAR13,024,252,406 (thirteen billion
under the Programme after this issuance twenty-four million two 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: 9 May 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 09-05-2024 01:30:00
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