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New Financial Instrument Listing Announcement – IVC341
2025/04/15 14:30:00Download PDF Stock report
New Financial Instrument Listing Announcement – IVC341
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 – IVC341
Application has been made to the JSE Limited ('JSE') for the listing of R75,000,000 (seventy five
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC341), under Investec
Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC341 Notes will be issued to Noteholders on the date of listing being with effect from
17 April 2025 commencement of trade.
Salient features of the IVC341 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 17 April 2025
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus a margin of:
1.625% (one point six two five percent)
for the period beginning on and
including the Issue Date to but
excluding the Optional Redemption
Date (Call) (adjusted in accordance
with the applicable Business Day
Convention); and
1.90% (one point nine zero percent) for
the period beginning on and including
the Optional Redemption Date (Call) to
but excluding the Scheduled Maturity
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 17 July 2027
Optional Redemption Date (Call) 17 July 2026 and every Interest
Payment Date thereafter, each such date
as adjusted in accordance with the
applicable Business Day Convention
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount per
Note (plus accrued unpaid interest, if
any, up to but excluding the Scheduled
Maturity Date)
Interest Commencement Date Issue Date
Books Close Period The Register will be closed from
7 January to 17 January, 7 April to
7 April, 7 July to 17 July and 7 October
to 17 October (including the first day
but excluding the last day of each
period) in each year until the Applicable
Redemption Date, or 10 (ten) days prior
but excluding any Payment Day
Last Day to Register 6 January, 6 April, 6 July and 6 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 means 17 January, 17 April, 17 July and
17 October of each calendar year or, if
such day is 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 (as specified
in the Applicable Pricing Supplement),
with the first Interest Payment Date
being 17 July 2025
Business Day Convention Following Business Day
JSE Stock Code IVC341
ISIN ZAG000214966
Aggregate Nominal Amount of Notes Outstanding ZAR15,755,495,226 (fifteen billion
under the Programme after this issuance seven hundred and fifty five 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: 15 April 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 15-04-2025 02:30:00
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