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New Financial Instrument Listing Announcement – IVC234
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 – IVC234
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
IVC234), under Investec Bank Limited’s Credit Linked Note Programme dated 17 March
2021.
The IVC234 Notes will be issued to Noteholders on the date of listing being with effect from
12 December 2022 commencement of trade.
Salient features of the IVC234 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 December 2022
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
plus a margin of:
258 bps from and including the
Issue Date to but excluding the
Scheduled Maturity Date
Scheduled Maturity Date 20 December 2027
Optional Redemption Date (Call) N/A
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 11
March to 20 March, 11 June to 20
June, 11 September to 20
September and 11 December to 20
December in each year (all dates
inclusive) until the Applicable
Redemption Date, or 10 (ten) days
prior to any Payment Day
Last Day to Register 10 March, 10 June, 10 September
and 10 December 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 March, 20 June, 20 September
and 20 December of each calendar
year), with the first Interest Payment
Date being 20 March 2023 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 (as
specified in the Applicable Pricing
Supplement)
Business Day Convention Following Business Day
JSE Stock Code IVC234
ISIN ZAG000192782
Aggregate Nominal Amount of Notes Outstanding ZAR9,972,104,752 (Nine Billion
under the Programme after this issuance Nine Hundred and Seventy-Two
Million One Hundred and Four
Thousand Seven Hundred and Fifty
Two 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 December 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 09-12-2022 12:39:00
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