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New Financial Instrument Listing Announcement – IVC348
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 – IVC348
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 IVC348), under Investec
Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC348 Notes will be issued to Noteholders on the date of listing being with effect from
15 May 2025 commencement of trade.
Salient features of the IVC348 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 15 May 2025
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus the Margin
Reference Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months or, if ZAR-JIBAR-
SAFEX ceases to be the approved
Reference Rate, the replacement
Reference Rate (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 34 (Notices)
Margin 1.30% (one point three zero percent) for
the period beginning on and including
the Issue Date to but excluding
the Optional Redemption Date (Call)
(adjusted in accordance with the
applicable Business Day Convention);
and
1.425% (one point four two five percent)
for the period beginning on and
including the Optional Redemption
Date (Call) to but excluding the
Scheduled Maturity Date (adjusted in
accordance with the applicable
Business Day Convention)
Issue price per Note 100%
Scheduled Maturity Date 15 May 2028
Final Redemption Amount per Note The aggregate outstanding Principal
Amount plus interest accrued (if any) to
but excluding the date fixed for
Redemption
Optional Redemption Date (Call) 15 May 2027
Optional Redemption Amount (Call) Aggregate outstanding Principal
Amount plus accrued unpaid interest (if
any) to but excluding the Optional
Redemption Date (Call)
Interest Commencement Date Issue Date
Books Closed Period The Register will be closed from:
(i) 05 February to 15 February,
05 May to 15 May, 05 August
to 15 August and 05 November
to 15 November of each year
(including the first day but
excluding the last day) until the
Applicable Redemption Date, or
10 (ten) days prior to any
Payment Day; or
(ii) 10 (ten) days prior to and
excluding any Payment Day
Last Day to Register 04 February, 04 May, 04 August and
04 November of 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 15 February, 15 May, 15 August
and 15 November of 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 15
August 2025
Business Day Convention Following Business Day
JSE Stock Code IVC348
ISIN ZAG000215625
Aggregate Nominal Amount of Notes Outstanding ZAR16,075,495,226 (sixteen billion
under the Programme after this issuance seventy five million four hundred and
ninety five thousand two hundred and
twenty 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: 14 May 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 14-05-2025 07:05:00
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