JSE Sens
New Financial Instrument Listing Announcement – IVC330
2025/03/13 15:00:00Download PDF Stock report
New Financial Instrument Listing Announcement – IVC330
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 – IVC330
Application has been made to the JSE Limited ('JSE') for the listing of R386,000,000 (three hundred
and eighty six million Rand) senior unsecured floating rate credit linked Notes (stock code IVC330),
under Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021 ('Programme
Memorandum').
The IVC330 Notes will be issued to Noteholders on the date of listing being with effect from
14 March 2025 commencement of trade.
Salient features of the IVC330 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 March 2025
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus a margin of:
1,31% (one point three one 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)
Reference Rate ZAR-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 31 January 2030
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) The Register will be closed
from 21 January to 31 January,
20 April to 30 April, 21 July to
31 July and 21 October to
31 October in each year
(including the first day but
excluding the last day of each
period), until the applicable
Redemption Date; or
(ii) From the date that is 10 (ten)
days prior to any Payment Day
until (but excluding) the
Payment Date
Last Day to Register 20 January, 19 April, 20 July and 20
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 in each year and the applicable
Redemption Date and with the first
Interest Payment Date being
30 April 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 IVC330
ISIN ZAG000213531
Aggregate Nominal Amount ZAR13,705,495,226 (thirteen billion
of Notes Outstanding under seven hundred and five million four
the Programme after hundred and ninety five thousand two
this issuance hundred and twenty six Rand)
The Pricing Supplement An additional early redemption event,
contains any additional terms the Reference Obligation Early
and conditions or changes Redemption Event was included. The
to the terms and conditions calculation of the Early Redemption
as contained in the Programme Amount when a Reference Obligation
Memorandum. Early Redemption Event, Tax Event,
illegality or an Event of Default differs
from the calculation of an early
redemption amount stipulated in the
Programme Memorandum. The Credit
Event Redemption Amount per Note
(the fall back settlement) also differs
from the formula stipulated 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 March 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 13-03-2025 03:00:00
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.