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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 – IVC273
Application has been made to the JSE Limited (“JSE”) for the listing of ZAR150,000,000 (One
Hundred and Fifty Million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC273), under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC273 Notes will be issued to Noteholders on the date of listing being with effect from
21 September 2023 commencement of trade.
Salient features of the IVC273 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 21 September 2023
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
1.40% (one point four zero percent) for the
period commencing on and including the
Issue Date to but excluding the Optional
Redemption Date (Call);
1.60% (one point six zero percent) from and
including the Optional Redemption Date
(Call) to, but excluding the Scheduled
Maturity Date
Scheduled Maturity Date 2 October 2026
Optional Redemption Date (Call) 2 October 2025
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
(i) 24 March to 2 April, 23 June to
2 July, 23 September to
2 October and 24 December to
2 January (all dates inclusive) in
each year until the Applicable
Redemption Date; or
(ii) 10 (ten) days prior to and
including any Payment Day
Last Day to Register 23 March, 22 June, 22 September and
23 December 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 42(ii) above, the last
Business Day immediately preceding the
commencement of the Books Closed Period
Interest Payment Dates 2 April, 2 July, 2 October and 2 January
until the Applicable Redemption Date 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 October 2023
Business Day Convention Following Business Day
JSE Stock Code IVC273
ISIN ZAG000199571
Aggregate Nominal Amount of Notes Outstanding ZAR11, 542, 052, 406.00 (eleven billion
under the Programme after this issuance five hundred and forty two million, fifty-
two thousand four hundred and six Rand).
The Issuer confirms that the aggregate
Principal Amount of all Notes Outstanding
under this Programme is within the
Programme Amount
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: 20 September 2023
Debt Sponsor:
Investec Bank Limited
Jayshree.Pather@investec.co.za
