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New Financial Instrument Listing Announcement – IVC355
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 – IVC355
Application has been made to the JSE Limited ("JSE") for the listing of R100,000,000 (one
hundred million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC355), under Investec Bank Limited's Credit Linked Note Programme dated
17 March 2021.
The IVC355 Notes will be issued to Noteholders on the date of listing being with effect from
9 July 2025 commencement of trade.
Salient features of the IVC355 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 9 July 2025
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin
of 1.65% for the period beginning
on and including the Issue Date to
but excluding the applicable
Redemption Date (adjusted in
accordance with the applicable
Business Day Convention)
Scheduled Maturity Date 31 January 2037
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount
per Note plus accrued, unpaid
interest (if any) to, but excluding,
the Scheduled Maturity Date
Interest Commencement Date Issue Date
Books Close Period (i) 21 January to 31 January, 20
April to 30 April, 21 July to 31 July
and 21 October to 31 October in
each year (inclusive of the first date
and exclusive of the last date in
each period) until the applicable
Redemption Date, or (ii) 10 (ten)
days prior to but excluding any
Payment Day
Last Day to Register 20 January, 19 April, 20 July and 20
October in each year, or if such day
is not a Business Day, the Business
Day before each Books Closed
Period, or in respect of item 40(ii)
above, the last Business Day
immediately preceding the
commencement of the Books
Closed Period
Interest Payment Dates 31 January, 30 April, 31 July and
31 October of each calendar year,
with the first Interest Payment Date
being 30 April 2025 and if any of
these dates are not a Business
Day, the Business Day on which
interest will be paid, will be as
determined in accordance with the
applicable Business Day
Convention
Optional Redemption Dates (Call) 31 January of each year until the
applicable Redemption Date, as
adjusted in accordance with the
applicable Business Day
Convention (as specified in this
Applicable Pricing Supplement),
with the first Optional Redemption
Date (Call) being the 31 January
2027
Optional Redemption Amount(s) (Call) Principal Amount per Note plus
accrued unpaid interest (if any) up
to, but excluding the applicable
Redemption Date, less Unwind
Costs
Business Day Convention Following Business Day
JSE Stock Code IVC355
ISIN ZAG000217274
Aggregate Nominal Amount of Notes Outstanding ZAR17 175 495 225.96
under the Programme after this issuance
The Pricing Supplement does not contain any if ZAR-JIBAR-SAFEX ceases to be
additional terms and conditions or changes to the the approved Reference Rate, the
terms and conditions as contained in the replacement Reference Rate
Programme Memorandum other than the following: (together with a spread (if
applicable) determined by the
Calculation Agent in its sole
discretion taking into account
prevailing market practice or any
spread published by a
governmental authority or industry
body) determined by the
Calculation Agent and notified to
the Noteholders in accordance with
Condition 19 (Notices).
Investors should study the Applicable Pricing
Supplement for full details of the terms and
conditions applicable to these Notes.
Date: 8 July 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 08-07-2025 03:05:00
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