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New Financial Instrument Listing Announcement - IVC177
Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/004763/06)
Issuer code: BIINLP
New Financial Instrument Listing Announcement
ISSUE OF IVC177 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC177 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of R125,000,000 (One
Hundred and Twenty Five Million Rand) senior unsecured floating rate credit linked Notes
(stock code IVC177), under Investec Bank Limited’s Credit Linked Note Programme dated
10 May 2010.
The IVC177 Notes will be issued to Noteholders on the date of listing being 29 June 2020
with effect from commencement of trade.
Salient features of the IVC177 Notes are listed below:
Issuer Investec Bank Limited
Issue Price R125,000,000
Instrument Senior unsecured credit linked
Notes
Issue Date 29 June 2020
Nominal Amount per Note R1,000,000
Interest Rate 3 month JIBAR plus the Margin
Interest Determination Date The Interest Commencement Date;
and thereafter 29 September, 29
December, 29 March and 29 June
of each year, as adjusted in
accordance with the applicable
Business Day Convention
Margin 1.45% (one point four five percent)
for the period beginning on and
including the Issue Date to but
excluding 29 June 2022; and
1.80% (one point eight zero
percent) for the period from and
including 29 June 2022 to and
excluding the Scheduled Maturity
Date
Scheduled Maturity Date 29 June 2023
Optional Redemption Date (Call) 29 June 2022
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, to
the Maturity Date)
Interest Commencement Date Issue Date
Books Close Period From 20 September to 29
September, 20 December to 29
December, 20 March to 29 March
and 20 June to 29 June (all dates
inclusive) in each year until the
Scheduled Maturity Date.
Last Day to Register 19 September, 19 December, 19
March and 19 June in each year and
if such day is not a Business Day,
the Last Day to Register will be the
Business Day immediately
preceding the first day of the
relevant Books Closed Period
Interest Payment Dates 29 September, 29 December, 29
March and 29 June in each year and
the Scheduled Maturity Date,
adjusted in accordance with the
applicable Business Day
Convention.
Business Day Convention Following Business Day
JSE Stock Code IVC177
ISIN ZAG000169129
Aggregate Nominal Amount of Notes Outstanding ZAR7 122 191 236 (Seven Billion
under the Programme after this issuance One Hundred and Twenty Two
Million One Hundred and Ninety
One Thousand Two Hundred and
Thirty 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: 25 June 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 25-06-2020 11:00:00
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