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New Financial Instrument Listing Announcement – IVC251
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 – IVC251
Application has been made to the JSE Limited (“JSE”) for the listing of R275,000,000 (two
hundred and seventy-five million Rand) senior unsecured mixed rate credit linked Notes
(stock code IVC251), under Investec Bank Limited’s Credit Linked Note Programme dated
17 March 2021.
The IVC251 Notes will be issued to Noteholders on the date of listing being with effect from
19 May 2023 commencement of trade.
Salient features of the IVC251 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 19 May 2023
Nominal Amount per Note R1,000,000
Interest Rate 9.35% nominal annual compounded
quarterly in arrear from the date
beginning 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 140bps from and
including the Optional Redemption
Date (Call) to but excluding the
Scheduled Maturity Date
Scheduled Maturity Date 19 October 2024
Optional Redemption Date (Call) 19 January 2024
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 from 10 January to 19 January, 10
April to 19 April, 10 July to 19 July
and 10 October to 19 October (all
dates inclusive) in each year until
the Applicable Redemption Date, or
10 (ten) days prior and including any
Payment Day
Last Day to Register 9 January, 9 April, 9 July and 9
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 19 January, 19 April, 19 July and 19
October of each calendar year), with
the first Interest Payment Date
being 19 July 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 IVC251
ISIN ZAG000196049
Aggregate Nominal Amount of Notes Outstanding ZAR10,262,052,406 (ten billion two
under the Programme after this issuance hundred and sixty-two million, 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: 17 May 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 17-05-2023 02:05:00
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