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New Financial Instrument Listing Announcement – IVC292
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 – IVC292
Application has been made to the JSE Limited ("JSE") for the listing of R55,000,000 (fifty five
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC292), under Investec
Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC292 Notes will be issued to Noteholders on the date of listing being with effect from
28 March 2024 commencement of trade.
Salient features of the IVC292 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 28 March 2024
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
1.60% (one-point six zero percent) for
the period beginning on and including
the Issue Date to but excluding the
Scheduled Maturity Date (adjusted in
accordance with the applicable
Business Day Convention)
Scheduled Maturity Date 20 July 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
(i) 10 April to 20 April,
10 July to 20 July, 11 October
to 20 October and
10 January to 20 January, in
each year (all dates inclusive)
until the Applicable
Redemption Date; or
(ii) 10 (nine) days prior to any
Payment Day
Last Day to Register 9 April, 9 July, 9 October and
9 January in each year, or if such day is
not a Business Day, the Business Day
before each Books Closed Period, or, if
item 40(ii) above is applicable, the
Business Day immediately preceding
the commencement of the Books
Closed Period
Interest Payment Dates Means 20 April, 20 July, 20 October
and 20 January 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 20 April 2024
Business Day Convention Following Business Day
JSE Stock Code IVC292
ISIN ZAG000204140
Aggregate Nominal Amount of Notes Outstanding ZAR12,838,252,406 (twelve billion
under the Programme after this issuance eight hundred and thirty eight million
two 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: 27 March 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 27-03-2024 09:30:00
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