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Tap Issue - INLV10
Investec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1925/002833/06)
Issuer code: INLV
LEI No: 13800CU7SM6O4UWOZ70
New Financial Instrument Listing Announcement
ISSUE OF INLV10 SUBORDINATED UNSECURED FLOATING RATE ADDITIONAL TIER1
NOTES (“INLV10 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the tap issue of ZAR100,000,000
(one hundred million Rand) subordinated unsecured floating rate Additional Tier 1 Notes
(stock code INLV10), to be listed on the JSE under Investec Limited’s Domestic Medium
Term Note and Preference Share Programme dated 15 November 2017.
The tap issuance of INLV10 Notes will be issued to Noteholders on the date of listing, being
8 February 2022, with effect from commencement of trade.
Salient features of the INLV10 Notes are listed below:
Issuer Investec Limited
Instrument subordinated unsecured Additional
Tier 1 Notes, subject to Write Off if
a Trigger Event occurs in relation to
the Issuer.
Issue Date 8 February 2022
Nominal Amount per Note R1,000,000
Aggregate Nominal Amount of Tranche R100,000,000
Interest Rate 3 month JIBAR plus the Margin
Interest Rate Determination Date means 6 December, 6 March, 6
June and 6 September as
determined in accordance with the
applicable Business Day
Convention (as specified in the
Applicable Pricing Supplement),
provided that the first Interest
Determination Date is 6 December
2021
Margin 4.05%
Maturity Date Not Applicable. The Notes are
Additional Tier 1 Notes. Refer to
item 24 of the Applicable Pricing
Supplement.
Issue price per Note 101.77562%
Final Redemption Amount per Note The Notes are Additional Tier 1
Notes. Refer to item 24 of the
Applicable Pricing Supplement.
Redemption at the option of the Issuer Applicable, subject to the applicable
Regulatory Capital Requirements
and Condition 10.8.1 (Conditions to
redemption, purchase, cancellation,
modification, substitution or
variation of Subordinated Capital
Notes). The Optional Redemption
Date is 6 March 2027 or on any
Interest Payment Date thereafter.
Early Redemption Amount The outstanding Nominal Amount
per Note plus accrued unpaid
interest (if any)
Interest Commencement Date 6 December 2021
Books Close Period The Register will be closed from 25
February to 6 March, 28 May to 6
June, 28 August to 6 September
and 27 November to 6 December
(all dates inclusive) in each year
until the Applicable Redemption
Date, or 10 days prior to any
Payment Day.
Last Day to Register Close of business on the Business
Day immediately preceding the first
day of a Books Close Period
Interest Payment Dates 6 March, 6 June, 6 September and
6 December in each year with the
first Interest Payment Date being 6
March 2022
Business Day Convention Following Business Day
JSE Stock Code INLV10
ISIN ZAG000182148
Tranche Number 2
Aggregate Nominal Amount of Notes Outstanding ZAR600,000,000
in the Series after this issuance
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: 7 February 2022
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 07-02-2022 08:50:00
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