| Thu 12 Dec 2024, 15:30 | | Notification of a Credit Event |
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Notification of a Credit Event
Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1969/004763/06)
Issuer code: BIINLP
LEI No: 549300RH5FFHO48FXT69
IVC300 ZAG000206848
IVC303 ZAG000207549
IVC304 ZAG000207713
IVC306 ZAG000207911
IVC307 ZAG000207929
IVC312 ZAG000209651
Notification of a Credit Event in respect of the IVC300, IVC303, IVC304, IVC306, IVC307 and
IVC312 Notes
Investec Bank Limited hereby gives notice, in accordance with the terms and conditions of its
ZAR20,000,000 Credit-Linked Note Programme dated 17 March 2021, of the occurrence of a credit
event in respect of Intrum AB, one of the constituent Reference Entities listed under the:
(i) iTraxx Crossover Index Series 41 (Bloomberg: ITRX XOVER CDSI S41 5Y Corp), which Index
is referenced under the IVC300, IVC303, IVC304, IVC306 and IVC307 Notes (the "Index Series
41 Notes"); and
(ii) iTraxx Crossover Index Series 42 (Bloomberg: ITRX XOVER CDSI S42 5Y Corp), which Index
is referenced under the IVC312 Notes (the IVC312 Notes together with the Index Series 41 Notes
collectively referred to as the "Affected Notes").
The Affected Notes shall, pursuant to the terms as set out in each Applicable Pricing Supplement, not
be early redeemed.
With effect from 12 December 2025:
(i) interest will cease to accrue on the Reference Entity Notional Amount in relation to the IVC300,
IVC303, IVC306 and IVC312 Notes; and
(ii) the first Reference Entity Determination Date has occurred in relation to the IVC304 and IVC307
Notes.
Further details in relation to the Affected Notes, including the adjustment of any amounts and any
other relevant information in relation to the Affected Notes following the occurrence of the credit event
shall, pursuant to the terms of the Applicable Pricing Supplement executed in respect of each of the
Affected Notes, be provided by the Calculation Agent as soon as determined.
12 December 2024
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 12-12-2024 03:30:00
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