Enhanced Investments - Financial Portal

New Financial Instrument Listing Announcement – IVC235

Published: 2022-12-13 13:52:23 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 – IVC235

Application has been made to the JSE Limited (“JSE”) for the listing of R150,000,000 (one
hundred and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC235), under Investec Bank Limited’s Credit Linked Note Programme dated 17 March
2021.

The IVC235 Notes will be issued to Noteholders on the date of listing being with effect from
14 December 2022 commencement of trade.

Salient features of the IVC235 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                                               14 December 2022

Nominal Amount per Note                                  R1,000,000

Interest Rate                                            ZAR-JIBAR-SAFEX        with   a
                                                         Designated Maturity of 3 months
                                                         plus a margin of:
                                                         275 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                                      IVC235

ISIN                                                ZAG000192808

Aggregate Nominal Amount of Notes Outstanding       ZAR10,122,104,752 (Ten Billion
under the Programme after this issuance             One Hundred and Twenty-Two
                                                    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: 13 December 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.