Wrap Text
New Financial Instrument Listing Announcement – IVC302
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 – IVC302
Application has been made to the JSE Limited ("JSE") for the listing of R25,000,000 (twenty-five
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC302), under Investec
Bank Limited's Credit Linked Note Programme dated 17 March 2021 ("Programme
Memorandum").
The IVC302 Notes will be issued to Noteholders on the date of listing being with effect from
1 August 2024 commencement of trade.
Salient features of the IVC302 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 1 August 2024
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
1,54% (one point five four percent) for
the period beginning on and including
the Issue Date to but excluding the
applicable Redemption Date (adjusted
in accordance with the applicable
Business Day Convention)
Scheduled Maturity Date 28 February 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, but excluding, the Scheduled
Maturity Date)
Interest Commencement Date Issue Date
Books Close Period The Register will be closed from
(i) The Register will be closed
from 18 February to 28
February; 21 May to 31 May;
21 August to 31 August, 20
November to 30 November in
each year (including the first
day but excluding the last day of
each period), until the
applicable Redemption Date; or
(ii) From the date that is 10 (ten)
days prior to any Payment Day
until (but excluding) the
Payment Date
Last Day to Register 17 February 20 May, 20 August and 19
November 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 28 February, 31 May, 31 August and 30
November in each year and the
applicable Redemption Date and with
the first Interest Payment Date being 31
August 2024 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)
Business Day Convention Following Business Day
JSE Stock Code IVC302
ISIN ZAG000207481
Aggregate Nominal Amount of Notes Outstanding ZAR11,910,617,686 (eleven billion
under the Programme after this issuance nine hundred and ten million six
hundred and seventeen thousand six
hundred and eighty six Rand)
The Pricing Supplement contains any additional An additional early redemption event,
terms and conditions or changes to the terms and the Reference Obligation Early
conditions as contained in the Programme Redemption Event was included. The
Memorandum. calculation of the Early Redemption
Amount when a Reference Obligation
Early Redemption Event, Tax Event,
illegality or an Event of Default differs
from the calculation of an early
redemption amount stipulated in the
Programme Memorandum. The Credit
Event Redemption Amount per Note
(the fall back settlement) also differs
from the formula stipulated in the
Programme Memorandum.
Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes.
Date: 31 July 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 31-07-2024 02:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
