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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 – IVC239
Application has been made to the JSE Limited (“JSE”) for the listing of R300,000,000 (three hundred
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC239), under Investec
Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC239 Notes will be issued to Noteholders on the date of listing being with effect from
10 February 2023 commencement of trade.
Salient features of the IVC239 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 10 February 2023
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
2.60% (two point six zero percent) for
the period beginning on and including
the Issue Date to but excluding 2 June
2026 (adjusted in accordance with the
applicable Business Day Convention);
and
3.50% (three point five zero percent)
for the period beginning on and
including 2 June 2026 to but excluding
the Scheduled Maturity Date (adjusted
in accordance with the applicable
Business Day Convention)
Scheduled Maturity Date 2 June 2031
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 21 February
to 2 March, 24 May to 2 June, 24 August
to 2 September and 23 November to 2
December (all dates inclusive) in each
year until the Applicable Redemption
Date, or 10 (ten) days prior and
including any Payment Day
Last Day to Register 20 February, 23 May, 23 August and 22
November 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 means 2 March, 2 June, 2 September
and 2 December of each calendar 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
2 March 2023
Business Day Convention Following Business Day
JSE Stock Code IVC239
ISIN ZAG000193608
Aggregate Nominal Amount of Notes Outstanding ZAR10,572,104,752 (ten billion five
under the Programme after this issuance hundred and seventy two million one
hundred and four thousand seven
hundred and fifty two 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: 9 February 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
