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New Financial Instrument Listing Announcement – IVC309
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 – IVC309
Application has been made to the JSE Limited ("JSE") for the listing of R150,000,000 (one
hundred and fifty million Rand) senior unsecured mixed rate credit linked Notes (stock code
IVC309), under Investec Bank Limited's Credit Linked Note Programme dated 17 March
2021.
The IVC309 Notes will be issued to Noteholders on the date of listing being with effect from
19 September 2024 commencement of trade.
Salient features of the IVC309 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 19 September 2024
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
plus a margin of 3% nominal
annual compounded quarterly in
arrear from the date commencing
on and including the Issue Date to
but excluding 31 July 2029 (as
adjusted in accordance with the
applicable Business Day
Convention)
10.83% from the date commencing
on and including 31 July 2029 (as
adjusted in accordance with the
applicable Business Day
Convention) to but excluding the
Scheduled Maturity Date
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 and break costs, if any, to
but excluding the Scheduled
Maturity Date
Interest Commencement Date Issue Date
Books Close Period from 21 to 31 January, 20 to 30
April, 21 to 31 July and from 21 to
31 October in each year (inclusive
of the first date and exclusive of the
final date) until the Applicable
Redemption Date, or 10 (ten) days
prior to but excluding any Payment
Day
Last Day to Register 20 January, 19 April, 21 July and
21 October in 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 31 January, 30 April, 31 July and
31 October of each calendar year,
with the first Interest Payment Date
being 31 January 2025 and if any
of these dates is not a Business
Day, the Business Day on which
interest will be paid, as determined
in accordance with the applicable
Business Day Convention
Business Day Convention Following Business Day
JSE Stock Code IVC309
ISIN ZAG000208935
Aggregate Nominal Amount of Notes Outstanding ZAR12,581,200,000 (twelve billion
under the Programme after this issuance five hundred and eighty-one million
two hundred thousand 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: 18 September 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 18-09-2024 10:35:00
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