Investec Bank Limited Lists R100,000,000 Credit Linked Notes on Johannesburg Stock Exchange

Strategic Insights -

Investec Bank Limited has announced the listing of R100,000,000 (one hundred million Rand) senior unsecured floating rate credit linked Notes on the Johannesburg Stock Exchange. The IVC349 Notes, issued under the company's Credit Linked Note Programme dated 17 March 2021, will be listed with effect from 20 May 2025. The notes have a principal amount of R1,000,000 per note, a 1.35% margin for the first period, and a 1.50% margin for the second period.

Key Takeaways:

  • Investec Bank Limited has listed R100,000,000 senior unsecured floating rate credit linked Notes on the Johannesburg Stock Exchange, with a principal amount of R1,000,000 per note.
  • The IVC349 Notes have a 1.35% margin for the first period and a 1.50% margin for the second period.
  • The notes will be issued to Noteholders on the date of listing, with effect from 20 May 2025.
  • The IVC349 Notes have a Scheduled Maturity Date of 20 May 2028 and an Optional Redemption Amount (Call) of Aggregate outstanding Principal Amount plus accrued unpaid interest.
  • The Register will be closed for four periods each year, including the first day but excluding the last day, until the Applicable Redemption Date.

Statistics:

  • R100,000,000 (one hundred million Rand) is the aggregate nominal amount of the Notes outstanding under the Programme after this issuance.
  • R1,000,000 is the principal amount per Note.
  • 1.35% (one point three five percent) is the margin for the period beginning on and including the Issue Date to but excluding the Optional Redemption Date (Call).
  • 1.50% (one point five zero percent) is the margin for the period beginning on and including the Optional Redemption Date (Call) to but excluding the Scheduled Maturity Date.
  • R16,175,495,226 (sixteen billion one hundred and seventy five million four hundred and ninety five thousand two hundred and twenty six Rand) is the total amount of debt outstanding for Investec Bank Limited.

Sources:

  • Johannesburg Stock Exchange company announcement, dated 19 May 2025.
  • Investec Bank Limited's Credit Linked Note Programme, dated 17 March 2021.