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New Financial Instrument Listing Announcement – IVC249
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 – IVC249
Application has been made to the JSE Limited (“JSE”) for the listing of R80,000,000 (eighty million
Rand) senior unsecured floating rate credit linked Notes (stock code IVC249), under Investec Bank
Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC249 Notes will be issued to Noteholders on the date of listing being with effect from
21 April 2023 commencement of trade.
Salient features of the IVC249 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 21 April 2023
Nominal Amount per Note R1,000,000
Interest Rate 2.45% (two point four five percent) plus
ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months for the period
beginning on and including the Issue Date
to but excluding the Scheduled Maturity
Date
Interest Rate Determination Date(s) 21 April, 21 July, 21 October and 21
January in each 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 Rate Determination Date
being the Interest Commencement Date
Scheduled Maturity Date 21 July 2028
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 12 July
to 21 July, 12 October to 21 October, 12
January to 21 January and 12 April to 21
April (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 11 July, 11 October, 11 January and 11
April 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 21 July, 21 October, 21 January
and 21 April 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
21 July 2023
Business Day Convention Following Business Day
JSE Stock Code IVC249
ISIN ZAG000195660
Aggregate Nominal Amount of Notes Outstanding ZAR10,537,052,406 (ten billion five
under the Programme after this issuance hundred and thirty seven million fifty two
thousand four hundred and six 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: 20 April 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 20-04-2023 12:45:00
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