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New Financial Instrument Listing Announcement – IVC225
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 – IVC225
Application has been made to the JSE Limited (“JSE”) for the listing of R200,000,000 (two
hundred million Rand) senior unsecured mixed rate credit linked Notes (stock code IVC225),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC225 Notes will be issued to Noteholders on the date of listing being with effect from
25 August 2022 commencement of trade.
Salient features of the IVC225 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 25 August 2022
Nominal Amount per Note R1,000,000
Interest Rate 8.55% nominal annual compounded
quarterly in arrear from the date
beginning on (and including) the 27
March 2023 to (but excluding) 27
September 2023;
An interpolated ZAR-JIBAR-SAFEX
rate plus the Margin is applicable
from (and including) the Issue Date
to (but excluding) the First Interest
Payment Date (adjusted in
accordance with the applicable
Business Day Convention); and
ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
from the date beginning on (and
including) the 27 September 2023 to
(but excluding) the Scheduled
Maturity Date
Margin 1.50% from the date beginning on
(and including) the 27 March 2023
to (but excluding) 27 September
2023;
ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
from the date beginning on (and
including) the 27 September 2023 to
(but excluding) the Scheduled
Maturity Date
Scheduled Maturity Date 27 September 2024
Optional Redemption Dates (Call) 27 September 2023
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 18 September to 27 September, 18
December to 27 December, 18
March to 27 March and 18 June to
27 June in each year (all dates
inclusive), or 10 (ten) days prior and
including any Payment Day
Last Day to Register 17 September, 17 December, 17
March and 17 June 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 27 December, 27 March, 27 June
and 27 September in each year,
with the first Interest Payment Date
being 27 September 2022 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 IVC225
ISIN ZAG000189291
Aggregate Nominal Amount of Notes Outstanding ZAR9,260,104,752 (nine billion two
under the Programme after this issuance hundred and sixty million one
hundred and four thousand and
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 August 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 24-08-2022 04:15:00
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