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New Financial Instrument Listing Announcement – IVC347
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 – IVC347
Application has been made to the JSE Limited ("JSE") for the listing of ZAR150,000,000 (one hundred
and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC347), under
Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC347 Notes will be issued to Noteholders on the date of listing being with effect from
14 May 2025 commencement of trade.
Salient features of the IVC347 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 14 May 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 1.25% (one point two five percent) for
the period beginning on and including
the Issue Date to but excluding
the Optional Redemption Date (Call)
(adjusted in accordance with the
applicable Business Day Convention);
and
1.40% (one point four zero percent) for
the period beginning on and including
the Optional Redemption Date (Call) to
but excluding the Scheduled Maturity
Date (adjusted in accordance with the
applicable Business Day Convention)
Issue price per Note 100%
Scheduled Maturity Date 14 May 2028
Final Redemption Amount per Note The outstanding Principal Amount plus
interest accrued (if any) to but excluding
the date fixed for Redemption
Optional Redemption Date (Call) 14 May 2027
Optional Redemption Amount (Call) the outstanding Principal Amount per
Note plus accrued unpaid interest (if
any) up to, but excluding the applicable
Redemption Date, less Unwind Costs
Interest Commencement Date Issue Date
Books Closed Period The Register will be closed from:
(i) 04 February to 14 February, 04
May to 14 May, 04 August to 14
August, 04 November to 14
November in each year
(inclusive of the first date and
exclusive of the last date in
each period) until the applicable
Redemption Date, or
(ii) 10 (ten) days prior to and
excluding any Payment Day
Last Day to Register 03 February, 03 May, 03 August and
03 November in each year, or if any
such day is not a Business Day, the
Business Day before each Books
Closed Period, or in respect of item (ii)
above, the last Business Day
immediately preceding the
commencement of the Books Closed
Period
Interest Payment Dates 14 February, 14 May, 14 August and
14 November in each year or, if any
such day is not a Business Day, the
Business Day on which interest will be
paid, will be as determined in
accordance with the applicable
Business Day Convention (as specified
in this Applicable Pricing Supplement)
with the first Interest Payment Date
being 14 August 2025
Business Day Convention Following Business Day
JSE Stock Code IVC347
ISIN ZAG000215583
Aggregate Nominal Amount of Notes Outstanding ZAR15,875,495,226 (fifteen billion eight
under the Programme after this issuance hundred seventy five million four
hundred ninety five thousand two
hundred and twenty six 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: 13 May 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 13-05-2025 02:45:00
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