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New Financial Instrument Listing Announcement – IVC242
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 – IVC242
Application has been made to the JSE Limited (“JSE”) for the listing of R250,000,000 (two hundred
and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC242), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC242 Notes will be issued to Noteholders on the date of listing being with effect from
2 March 2023 commencement of trade.
Salient features of the IVC242 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 2 March 2023
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
2.50% (two point five zero 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
3.50% (three point five 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)
Scheduled Maturity Date 2 June 2031
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 The Register will be closed from 24
May to 2 June, 24 August to 2
September, 23 November to 2
December and 21 February to 2 March
(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 23 May, 23 August, 22 November and
20 February 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 means 2 June, 2 September, 2
December and 2 March of each
calendar 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
2 June 2023
Business Day Convention Following Business Day
JSE Stock Code IVC242
ISIN ZAG000194267
Aggregate Nominal Amount of Notes Outstanding ZAR10,657,104,752 (ten billion six
under the Programme after this issuance hundred and fifty seven 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: 1 March 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 01-03-2023 12:35:00
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