| Wed 5 Mar 2025, 11:00 | | New Financial Instrument Listing Announcement – IVC324 |
|
New Financial Instrument Listing Announcement – IVC324
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 – IVC324
Application has been made to the JSE Limited ("JSE") for the listing of R500,000,000 (five hundred
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC324), under Investec
Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC324 Notes will be issued to Noteholders on the date of listing being with effect from
6 March 2025 commencement of trade.
Salient features of the IVC324 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 6 March 2025
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus a margin of
1.73% (one point seven three percent)
for the period beginning on and
including the Interest Commencement
Date to but excluding the Scheduled
Maturity Date
Reference Rate JIBAR-SAFEX with a Designated
Maturity of 3 months or, if ZAR-
JIBAR-SAFEX ceases to be the
approved Reference Rate, the
replacement Reference Rate (together
with a spread (if applicable))
determined by the Calculation Agent in
its sole discretion taking into account
prevailing market practice and any
spread published by a governmental
authority or industry body and notified
to the Noteholders in accordance with
Condition 34 (Notices)
Scheduled Maturity Date 28 February 2035
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount per
Note plus accrued unpaid interest, if
any, to the date fixed for Redemption
Interest Commencement Date Issue Date
Books Close Period The Register will be closed from
(i) 18 to 28 February, 21 May to 31 May,
21 August to 31 August and 20
November to 30 November in each year
(inclusive of the first date and exclusive
of the last date) until the Applicable
Redemption Date; or
(ii) 10 (ten) days prior but excluding any
Payment Day
Last Day to Register 17 February, 20 May, 20 August and
19 November 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 28 February, 31 May, 31 August and
30 November in each year from but
excluding the Interest Commencement
date to but including Scheduled
Maturity Date with the first Interest
Payment Date being 31 May 2025 or, if
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)
Business Day Convention Following Business Day
JSE Stock Code IVC324
ISIN ZAG000213232
Aggregate Nominal Amount of Notes Outstanding ZAR12 089 495 226 (twelve billion
under the Programme after this issuance eighty nine million four hundred and
ninety five thousand two hundred and
twenty 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: 5 March 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 05-03-2025 11:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
