Try our mobile app
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 – IVC286
Application has been made to the JSE Limited (“JSE”) for the listing of R120,000,000 (one hundred
and twenty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC286),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC286 Notes will be issued to Noteholders on the date of listing being with effect from
20 December 2023 commencement of trade.
Salient features of the IVC286 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 20 December 2023
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
2.75% (two-point seven five percent)
for the period beginning on and
including the Issue Date to but
excluding the Scheduled Maturity Date
(adjusted in accordance with the
applicable Business Day Convention)
Scheduled Maturity Date 20 December 2028
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
(i) 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
(ii) 10 (ten) days prior and
including 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, if item 40(ii) above is applicable, the
Business Day immediately preceding
the commencement of the Books
Closed Period
Interest Payment Dates Means 20 March, 20 June, 20
September and 20 December in each
year and the Scheduled Maturity Date
or, if any 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
20 March 2024
Business Day Convention Following Business Day
JSE Stock Code IVC286
ISIN ZAG000202227
Aggregate Nominal Amount of Notes Outstanding ZAR13,108,752,406 (thirteen billion
under the Programme after this issuance one hundred and eight million two
hundred and fifty-two thousand, four
hundred and 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: 19 December 2023
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
