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New Financial Instrument Listing Announcement – IVC244
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 – IVC244
Application has been made to the JSE Limited (“JSE”) for the listing of R500,000,000 (five hundred
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC244), under Investec
Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC244 Notes will be issued to Noteholders on the date of listing being with effect from
13 March 2023 commencement of trade.
Salient features of the IVC244 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 13 March 2023
Nominal Amount per Note R1,000,000
Interest Rate 2.47% (two point four seven percent)
for the period beginning on 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
June to 20 June, 11 September to 20
September, 11 December to 20
December and 11 March to 20 March
(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 10 June, 10 September, 10 December
and 10 March 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 June, 20 September, 20
December and 20 March of each
calendar year 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 June 2023
Business Day Convention Following Business Day
JSE Stock Code IVC244
ISIN ZAG000194606
Aggregate Nominal Amount of Notes Outstanding ZAR11,207,104,752 (eleven billion
under the Programme after this issuance two hundred and seven 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: 10 March 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 10-03-2023 01:30:00
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