| Mon 14 Apr 2025, 7:05 | | New Financial Instrument Listing Announcement – IVC339 |
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New Financial Instrument Listing Announcement – IVC339
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 – IVC339
Application has been made to the JSE Limited ("JSE") for the listing of R190,000,000 (one
hundred and ninety million Rand) senior unsecured floating rate credit linked Notes (stock
code IVC339), under Investec Bank Limited's Credit Linked Note Programme dated
17 March 2021.
The IVC339 Notes will be issued to Noteholders on the date of listing being with effect from
15 April 2025 commencement of trade.
Salient features of the IVC339 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 15 April 2025
Nominal Amount per Note R1,000,000
Interest Rate JIBAR-SAFEX with a Designated
Maturity of 3 months plus a margin of:
2.25% (two point two five percent) for
the period beginning on and including
the Issue Date to but excluding the
applicable Redemption Date (adjusted
in accordance with the applicable
Business Day Convention)
Scheduled Maturity Date 31 January 2037
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 from 21 to 31 January,
20 to 30 April, 21 to 31 July and
from 21 to 31 October in each year
(inclusive of the first date and
exclusive of the last day of each
period) until the applicable
Redemption Date, or 10 (ten) days
prior to but excluding any Payment
Day
Last Day to Register 20 January, 19 April, 21 July and
21 October 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 31 January, 30 April, 31 July and
31 October of each calendar year,
with the first Interest Payment Date
being 30 April 2025 and if any of
these dates are not a Business
Day, the Business Day on which
interest will be paid, will be as
determined in accordance with the
applicable Business Day
Convention
Business Day Convention Following Business Day
JSE Stock Code IVC339
ISIN ZAG000214925
Aggregate Nominal Amount of Notes Outstanding ZAR15,580,495,226 (fifteen billion
under the Programme after this issuance five hundred and eighty 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: 14 April 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 14-04-2025 07:05:00
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