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New Financial Instrument Listing Announcement – IVC243
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 – IVC243
Application has been made to the JSE Limited (“JSE”) for the listing of R180,000,000 (one hundred
and eighty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC243),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC243 Notes will be issued to Noteholders on the date of listing being with effect from
6 March 2023 commencement of trade.
Salient features of the IVC243 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 6 March 2023
Nominal Amount per Note R1,000,000
Interest Rate For the period from and including the
Issue Date to but excluding the first
Interest Payment Date, being 27 March
2023, the Interpolated ZAR-JIBAR-
SAFEX rate with a designated maturity
of 3 months plus a margin of 1.20%
(one point two zero percent); and
For the period from and including the
First Interest Payment Date, being 27
March 2023 to the Scheduled Maturity
Date the ZAR-JIBAR-SAFEX rate with
a designated maturity of 3 months plus
a margin of 1.20% (one point two zero
percent
Scheduled Maturity Date 27 December 2023
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 18
March to 27 March, from 18 June to 27
June, from 18 September to 27
September and from 18 December to 27
December (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 17 March, 17 June, 17 September and
17 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 means 27 March, 27 June, 27
September and 27 December 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
27 March 2023
Business Day Convention Following Business Day
JSE Stock Code IVC243
ISIN ZAG000194358
Aggregate Nominal Amount of Notes Outstanding ZAR10,787,104,752 (ten billion seven
under the Programme after this issuance hundred and eighty-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: 3 March 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 03-03-2023 01:25:00
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