Enhanced Investments - Financial Portal

New Financial Instrument Listing Announcement – IVC221

Published: 2022-07-06 17:11:33 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 – IVC221

Application has been made to the JSE Limited (“JSE”) for the listing of R125,000,000 (one
hundred and twenty five million Rand) senior unsecured mixed rate credit linked Notes (stock
code IVC221), under Investec Bank Limited’s Credit Linked Note Programme dated 17
March 2021.

The IVC221 Notes will be issued to Noteholders on the date of listing being with effect from
7 July 2022 commencement of trade.

Salient features of the IVC221 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                                               7 July 2022

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            8.75% nominal annual compounded
                                                         quarterly in arrear from the date
                                                         beginning on and including the 7
                                                         February 2023 to but excluding 7
                                                         August 2023;
                                                         ZAR-JIBAR-SAFEX        with     a
                                                         Designated Maturity of 3 months
                                                         from the date beginning on and
                                                         including the Issue Date to but
                                                         excluding 7 February 2023 and the
                                                         from the date beginning on and
                                                         including 7 August 2023 to but
                                                         excluding the Scheduled Maturity
                                                         Date, plus the Margin


Margin                                                   1.20%
Scheduled Maturity Date                                  7 July 2024

Optional Redemption Dates (Call)                         7 August 2023
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                 29 August to 7 July, 29 October to 7
                                   November, 29 January to 7
                                   February and 28 April to 7 May (in
                                   each year for the period from the
                                   Issue Date to and including 7 May
                                   2024 and 28 June 2024 to 7 July
                                   2024 all dates inclusive), or 10 (ten)
                                   days prior and including any
                                   Payment Day
Last Day to Register               28 July, 28October, 28 January and
                                   27 April in each year for the period
                                   from the Issue Date to and including
                                   27 April 2024 and 27 June 2024, 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             7 August, 7 November, 7 February
                                   and 7 April of each calendar year for
                                   the period from the Issue Date to
                                   and including 7 May 2024, and 7
                                   July 2024, with the first Interest
                                   Payment Date being 7 August 2022
                                   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                     IVC221

ISIN                               ZAG000187998
Aggregate Nominal Amount of Notes Outstanding       ZAR9,470,104,752 (nine billion four
under the Programme after this issuance             hundred and seventy 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: 6 July 2022
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.