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New Financial Instrument Listing Announcement – IVC257
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 – IVC257
Application has been made to the JSE Limited (“JSE”) for the listing of R200,000,000 (two hundred
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC257), under Investec
Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC257 Notes will be issued to Noteholders on the date of listing being with effect from
12 June 2023 commencement of trade.
Salient features of the IVC257 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 12 June 2023
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
1.50% (one point five zero percent) for
the period beginning on and including
the Issue Date to but excluding the
Optional Redemption Date (Call);
1.65% (one point six five percent) from
and including the Optional Redemption
Date (Call) to but excluding the
Maturity Date.
Scheduled Maturity Date 02 October 2026
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
(i) 24 December to 2 January, 24
March to 2 April, 23 June to 2
July and 23 September to 2
October, in each year (all dates
inclusive) until the Applicable
Redemption Date; or
(ii) 10 (ten) days prior and
including any Payment Day
Last Day to Register 23 December, 23 March, 22 June and
22 September in each year, or if such
day is not a Business Day, the Business
Day before each Books Closed Period,
or if such day is not a Business Day, the
Business Day before each Books
Closed Period, or (if (ii) above is
applicable) the Business Day
immediately preceding the
commencement of the Books Closed
Period
Interest Payment Dates Means 2 January, 2 April, 2 July and
2 October in each year and the
Scheduled Maturity Date or, if any 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 2 July 2023 and the
final Interest Payment Date being
2 October 2026
Optional Redemption Date(s) (Call) 02 October 2025
Optional Redemption Amount(s) (Call) of each Note The outstanding Principal Amount per
Note plus accrued, unpaid interest (if
any) to the date fixed for Redemption
Business Day Convention Following Business Day
JSE Stock Code IVC257
ISIN ZAG000196841
Aggregate Nominal Amount of Notes Outstanding ZAR10,622,052,406 (ten billion six
under the Programme after this issuance hundred twenty two 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: 9 June 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 09-06-2023 02:00:00
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