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New Financial Instrument Listing Announcement – IVC343
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 – IVC343
Application has been made to the JSE Limited ("JSE") for the listing of R150,000,000 (one hundred
and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC343), under
Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC343 Notes will be issued to Noteholders on the date of listing being with effect from
29 April 2025 commencement of trade.
Salient features of the IVC343 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 29 April 2025
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus the Margin
Reference Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months or, if ZAR-JIBAR-
SAFEX ceases to be the approved
Reference Rate, the replacement
Reference Rate (together with a spread
(if applicable) determined by the
Calculation Agent in its sole discretion
taking into account prevailing market
practice or any spread published by a
governmental authority or industry
body) determined by the Calculation
Agent and notified to the Noteholders in
accordance with Condition 34 (Notices)
Margin 1.95% (one point nine five percent) for
the period beginning on and including
the Issue Date to but excluding 29 April
2026 (adjusted in accordance with the
applicable Business Day Convention);
and
2.15% (two point one five percent) for
the period beginning on and including
29 April 2026 to but excluding the
Scheduled Maturity Date (adjusted in
accordance with the applicable
Business Day Convention)
Issue price per Note 100%
Scheduled Maturity Date 29 April 2027
Final Redemption Amount per Note The aggregate outstanding Principal
Amount plus interest accrued (if any) to
but excluding the date fixed for
Redemption
Optional Redemption Date (Call) 29 April 2026
Optional Redemption Amount (Call) Aggregate outstanding Principal
Amount plus accrued unpaid interest (if
any) to but excluding the Optional
Redemption Date (Call)
Interest Commencement Date Issue Date
Books Closed Period The Register will be closed from:
(i) 19 January to
29 January, 19 April to 29 April,
19 July to 29 July and
19 October to 29 October of
each year (including the first
day but excluding the last day)
until the Applicable Redemption
Date, or 10 (ten) days prior to
any Payment Day; or
(ii) 10 (ten) days prior to and
excluding any Payment Day
Last Day to Register 18 January, 18 April, 18 July and
18 October of 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 29 January, 29 April, 29 July and
29 October of each 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 29 July 2025
Business Day Convention Following Business Day
JSE Stock Code IVC343
ISIN ZAG000215195
Aggregate Nominal Amount of Notes Outstanding ZAR15,805,495,226
under the Programme after this issuance
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: 25 April 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 25-04-2025 02:40:00
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