Enhanced Investments - Financial Portal

New Financial Instrument Listing Announcement – IVC240

Published: 2023-02-28 14:57:24 ET

 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 – IVC240

Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (fifty
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC240), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC240 Notes will be issued to Noteholders on the date of listing being with effect from
1 March 2023 commencement of trade.

Salient features of the IVC240 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                                               1 March 2023

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            ZAR-JIBAR-SAFEX        with   a
                                                         Designated Maturity of 3 months
                                                         plus a margin of:
                                                         255 bps from and including the
                                                         Issue Date to but excluding the
                                                         Scheduled Maturity Date


Scheduled Maturity Date                                  20 December 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 11
                                                    March to 20 March, 11 June to 20
                                                    June, 11 September to 20
                                                    September and 11 December to 20
                                                    December in each year (all dates
                                                    inclusive) until the Applicable
                                                    Redemption Date, or 10 (ten) days
                                                    prior to any Payment Day


Last Day to Register                                10 March, 10 June, 10 September
                                                    and 10 December 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                              20 March, 20 June, 20 September
                                                    and 20 December of each calendar
                                                    year), with the first Interest
                                                    Payment Date being 20 March
                                                    2023 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 (as specified in the
                                                    Applicable Pricing Supplement)


Business Day Convention                             Following Business Day

JSE Stock Code                                      IVC240

ISIN                                                ZAG000193996

Aggregate Nominal Amount of Notes Outstanding       ZAR10,577,104,752 (ten billion
under the Programme after this issuance             five hundred and seventy-seven
                                                    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: 28 February 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.