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New Financial Instrument Listing Announcement – IVC304
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 – IVC304
Application has been made to the JSE Limited ("JSE") for the listing of R50,000,000 (fifty million Rand)
senior unsecured iTraxx Xover Series 41 floating rate credit linked Notes (stock code IVC304), under
Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC304 Notes will be issued to Noteholders on the date of listing being with effect from
8 August 2024 commencement of trade.
Salient features of the IVC304 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R50,000,000 per Note on the Issue
Date
Instrument Senior unsecured credit linked Notes
Issue Date 8 August 2024
Nominal Amount per Note R50,000,000
Interest Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of
275bps from the date beginning on and
including the Issue Date to but
excluding the Scheduled Maturity Date
Scheduled Maturity Date 20 June 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)
subject to adjustment in terms of
paragraph 29 (Calculation Amount) of
the Applicable Pricing Supplement
where 5 or more of the Reference
Entities in the iTraxx Xover Series 41
Index are subject to a Credit Event.
Interest Commencement Date Issue Date
Books Closed Period The Register will be closed from:
(i) 10 December to 20 December,
10 March to 20 March, 10 June
to 20 June and 10 September to
20 September (inclusive of the
first date and exclusive of the
last) in each year until the
Applicable Redemption Date; or
(ii) 10 (ten) days prior to and
excluding any Payment Day
Last Day to Register 9 December, 9 March, 9 June, and 9
September in each year, or if such day
is not a Business Day, the Business
Day before each Books Closed Period,
or in respect of item 42(ii) above, the
last Business Day immediately
preceding the commencement of the
Books Closed Period
Interest Payment Dates 20 June, 20 September, 20 December
and 20 March of each year until the
Applicable Redemption Date 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 September
2024
Business Day Convention Modified Following Business Day
JSE Stock Code IVC304
ISIN ZAG000207713
Aggregate Nominal Amount of Notes Outstanding ZAR 12 273 669 125.38 (twelve billion
under the Programme after this issuance two hundred and seventy-three million
six hundred and sixty nine thousand
one hundred and twenty-five rand and
thirty eight cents)
The Pricing Supplement does not contain any additional
terms and conditions or changes to the terms and
conditions as contained in the Programme
Memorandum other than additional terms regarding the
calculation of:
Final Redemption Amounts details of which are set out
in paragraph 29 (Calculation Amount) read with
paragraph 39 (Final Redemption Amount) and of the
Applicable Pricing Supplement; and
Interest Amount and the Cash Settlement Amount
details of which are set out in paragraph 29 (Calculation
Amount) read with paragraph 45(f) (Other terms relating
to the particular method of calculating Interest) and
paragraph 52 (Cash Settlement Provisions) of the
Applicable Pricing Supplement.
Investors should study the Applicable Pricing
Supplement for full details of the terms and conditions
applicable to these Notes.
Date: 6 August 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 06-08-2024 03:45:00
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