Try our mobile app

New Financial Instrument Listing Announcement – IVC293

Published: 2024-04-11 11:35:30 ET
<<<  go to JSE:INP company page
 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 – IVC293

Application has been made to the JSE Limited (“JSE”) for the listing of R240,000,000 (two hundred
and forty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC293), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC293 Notes will be issued to Noteholders on the date of listing being with effect from
12 April 2024 commencement of trade.

Salient features of the IVC293 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                                                   12 April 2024

Nominal Amount per Note                                      R1,000,000

Interest Rate                                                JIBAR-SAFEX with a Designated
                                                             Maturity of 3 months plus a margin of:
                                                             1.68% (one-point six eight 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 July 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, but excluding, the Scheduled
                                                             Maturity Date)

Interest Commencement Date                                   Issue Date
Books Close Period                              The Register will be closed from
                                                (i)    11 April to 20 April,
                                                       11    July     to   20    July,
                                                       11 October to 20 October and
                                                       11 January to 20 January, in
                                                       each year (all dates inclusive)
                                                       until      the      Applicable
                                                       Redemption Date; or
                                                (ii)   9 (nine) days prior to any
                                                       Payment Day


Last Day to Register                            10 April, 10 July, 10 October and
                                                10 January 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 April, 20 July, 20 October
                                                and 20 January 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 July 2024


Business Day Convention                         Following Business Day

JSE Stock Code                                  IVC293

ISIN                                            ZAG000204462

Aggregate Nominal Amount of Notes Outstanding   ZAR13,073,252,406 (thirteen billion
under the Programme after this issuance         seventy three 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: 11 April 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za