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New Financial Instrument Listing Announcement – IVC221
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 – IVC221
Application has been made to the JSE Limited (“JSE”) for the listing of R125,000,000 (one
hundred and twenty five million Rand) senior unsecured mixed rate credit linked Notes (stock
code IVC221), under Investec Bank Limited’s Credit Linked Note Programme dated 17
March 2021.
The IVC221 Notes will be issued to Noteholders on the date of listing being with effect from
7 July 2022 commencement of trade.
Salient features of the IVC221 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 7 July 2022
Nominal Amount per Note R1,000,000
Interest Rate 8.75% nominal annual compounded
quarterly in arrear from the date
beginning on and including the 7
February 2023 to but excluding 7
August 2023;
ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
from the date beginning on and
including the Issue Date to but
excluding 7 February 2023 and the
from the date beginning on and
including 7 August 2023 to but
excluding the Scheduled Maturity
Date, plus the Margin
Margin 1.20%
Scheduled Maturity Date 7 July 2024
Optional Redemption Dates (Call) 7 August 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 29 August to 7 July, 29 October to 7
November, 29 January to 7
February and 28 April to 7 May (in
each year for the period from the
Issue Date to and including 7 May
2024 and 28 June 2024 to 7 July
2024 all dates inclusive), or 10 (ten)
days prior and including any
Payment Day
Last Day to Register 28 July, 28October, 28 January and
27 April in each year for the period
from the Issue Date to and including
27 April 2024 and 27 June 2024, 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 7 August, 7 November, 7 February
and 7 April of each calendar year for
the period from the Issue Date to
and including 7 May 2024, and 7
July 2024, with the first Interest
Payment Date being 7 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 IVC221
ISIN ZAG000187998
Aggregate Nominal Amount of Notes Outstanding ZAR9,470,104,752 (nine billion four
under the Programme after this issuance hundred and seventy 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: 6 July 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 06-07-2022 04:11:00
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