Wrap Text
New Financial Instrument Listing Announcement – IVC278
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 – IVC278
Application has been made to the JSE Limited ("JSE") for the listing of R150,000,000 (one hundred
and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC278), under
Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC278 Notes will be issued to Noteholders on the date of listing being with effect from
16 October 2023 commencement of trade.
Salient features of the IVC278 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 16 October 2023
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 (three) months plus a
margin of 162,5bps from the date
beginning on and including the Issue
Date to but excluding the Scheduled
Maturity Date
Scheduled Maturity Date 29 September 2026
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) 20 December to 29 December,
20 March to 29 March,
20 June to 29 June, and
20 September to 29 September
in each year (all dates inclusive)
until the Applicable Redemption
Date; or
(ii) 10 (ten) days prior to any
Payment Day
Last Day to Register 19 December, 19 March, 19 June, and
19 September, 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 29 December, 29 March,
29 June, and 29 September 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 Payment Date
being 29 December 2023
Business Day Convention Following Business Day
JSE Stock Code IVC278
ISIN ZAG000200221
Aggregate Nominal Amount of Notes Outstanding ZAR11,861,752,406 (eleven billion
under the Programme after this issuance eight hundred and sixty one million
seven hundred and 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: 12 October 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 12-10-2023 01:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
