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New Financial Instrument Listing Announcement – IVC345
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 – IVC345
Application has been made to the JSE Limited ("JSE") for the listing of R350,000,000 (three
hundred and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC345), under Investec Bank Limited's Credit Linked Note Programme dated
17 March 2021.
The IVC35 Notes will be issued to Noteholders on the date of listing being with effect from
13 May 2025 commencement of trade.
Salient features of the IVC345 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 13 May 2025
Nominal Amount per Note R1,000,000
Interest Rate 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 1.27% (one point two seven
percent)
Scheduled Maturity Date 31 January 2030
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount
per Note plus accrued, unpaid
interest (if any) to, but excluding,
the Scheduled Maturity Date
Interest Commencement Date Issue Date
Books Close Period from 21 to 31 January,
20 to 30 April, 21 to 31 July and
from 21 to 31 October in each year
(inclusive of the first date and
exclusive of the last day of each
period) until the applicable
Redemption Date, or 10 (ten) days
prior to but excluding any Payment
Day
Last Day to Register 20 January, 19 April, 21 July and
21 October 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 31 January, 30 April, 31 July and
31 October of each calendar year,
with the first Interest Payment Date
being 31 July 2025 and if any of
these dates are 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
Business Day Convention Following Business Day
JSE Stock Code IVC345
ISIN ZAG000215476
Aggregate Nominal Amount of Notes Outstanding ZAR15,705,495,226 (fifteen billion
under the Programme after this issuance seven hundred and five million four
hundred and 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: 8 May 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 08-05-2025 03:15:00
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