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New Financial Instrument Listing Announcement – IVC238
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 – IVC238
Application has been made to the JSE Limited (“JSE”) for the listing of R260,000,000 (two hundred
and sixty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC238), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC238 Notes will be issued to Noteholders on the date of listing being with effect from
8 February 2023 commencement of trade.
Salient features of the IVC238 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 8 February 2023
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months plus a
margin of 2.68% (two point six eight)
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 from11
March to 20 March, 11 June to
20 June, 11 September to
20 September and
11 December to 20 December
(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 March, 10 June, 10 September and
10 December 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 March, 20 June, 20
September and 20 December 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 IVC238
ISIN ZAG000193426
Aggregate Nominal Amount of Notes Outstanding ZAR10,072,104,752 (ten billion
under the Programme after this issuance seventy two 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: 7 February 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 07-02-2023 02:35:00
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