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New Financial Instrument Listing Announcement – IVC217
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 – IVC217
Application has been made to the JSE Limited (“JSE”) for the listing of R300,000,000 (three
hundred million Rand) senior unsecured mixed rate credit linked Notes (stock code IVC217),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC217 Notes will be issued to Noteholders on the date of listing being with effect from
26 May 2022 commencement of trade.
Salient features of the IVC217 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 26 May 2022
Nominal Amount per Note R1,000,000
Interest Rate 7.20% nominal annual compounded
quarterly in arrear from the date
beginning on and including the
Issue Date to but excluding 2 May
2023;
ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
plus a margin of 200bps from and
including 2 May 2023 to but
excluding 2 May 2025; and
ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
plus a margin of 325bps from and
including 2 May 2025 to but
excluding the Scheduled Maturity
Date
Scheduled Maturity Date 2 May 2028
Optional Redemption Dates (Call) 2 May 2023 and 2 May 2025
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 24 January to 02 February, 23
April to 02 May, from 24 July to 02
August and from 24 October to 02
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 23 January, 22 April, 23 July and 23
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 02 February, 02 May, 02 August
and 02 November of each calendar
year), with the first Interest Payment
Date being 02 August 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 IVC217
ISIN ZAG000186354
Aggregate Nominal Amount of Notes Outstanding ZAR9,195,404,752 (nine billion one
under the Programme after this issuance hundred and ninety five million four
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 May 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 24-05-2022 03:30:00
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