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New Financial Instrument Listing Announcement – IVC236
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 – IVC236
Application has been made to the JSE Limited (“JSE”) for the listing of R75,000,000 (seventy five
million Rand) senior unsecured mixed rate credit linked Notes (stock code IVC236), under Investec
Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC236 Notes will be issued to Noteholders on the date of listing being with effect from 20
December 2022 commencement of trade.
Salient features of the IVC236 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 20 December 2022
Nominal Amount per Note R1,000,000
Interest Rate For the period from (and including) the
Issue Date until (and excluding) the
Conversion Date (being 20 June 2024
or, if such day is not a Business Day, as
determined in accordance with the
applicable Business Day Convention
(as specified in the Applicable Pricing
Supplement), ZAR-JIBAR-SAFEX
with a Designated Maturity of 3 months
plus a margin of 2.52% (two point five
two percent);
For the period beginning on the
Conversion Date until (and excluding)
the Scheduled Maturity Date, a fixed
rate of 11% (eleven per cent) nominal
annual compounded quarterly annually
in arrear (“nacq”) payable quarterly in
arrear
Scheduled Maturity Date 20 December 2027
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
11 December to 20 December,
11 March to 20 March, 11 June to
20 June and 11 September to
20 September (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 10 December, 10 March, 10 June and
10 September 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 20 December, 20 March, 20 June
and 20 September 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
20 March 2023
Business Day Convention Following Business Day
JSE Stock Code IVC236
ISIN ZAG000192972
Aggregate Nominal Amount of Notes Outstanding ZAR10,197,104,752 (ten billion one
under the Programme after this issuance hundred and ninety 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: 19 December 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 19-12-2022 03:30:00
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