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New Financial Instrument Listing Announcement – IVC232
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 – IVC232
Application has been made to the JSE Limited (“JSE”) for the listing of R100,000,000 (one
hundred million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC232), under Investec Bank Limited’s Credit Linked Note Programme dated 17 March
2021.
The IVC232 Notes will be issued to Noteholders on the date of listing being with effect from
28 November 2022 commencement of trade.
Salient features of the IVC232 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 28 November 2022
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
plus a margin of:
165 bps from and including the
Issue Date to but excluding the
Scheduled Maturity Date
Scheduled Maturity Date 28 November 2025
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 from 19 February to 28 February, 19
May to 28 May, 19 August to 28
August and from 19 November to 28
November (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 18 February, 18 May, 18 August
and 18 November 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 28 February, 28 May, 28 August
and 28 November of each calendar
year), with the first Interest Payment
Date being 28 February 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 IVC232
ISIN ZAG000192345
Aggregate Nominal Amount of Notes Outstanding ZAR9,972,104,752 (nine billion nine
under the Programme after this issuance hundred and seventy-two 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: 24 November 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 24-11-2022 02:55:00
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