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New Financial Instrument Listing Announcement
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 IVC174 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC174 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of R250,000,000 (Two
Hundred and Fifty Million Rand) senior unsecured floating rate credit linked Notes (stock
code IVC174), under Investec Bank Limited’s Credit Linked Note Programme dated
10 May 2010.
The IVC174 Notes will be issued to Noteholders on the date of listing being 19 May 2020
with effect from commencement of trade.
Salient features of the IVC174 Notes are listed below:
Issuer Investec Bank Limited
Issue Price R250,000,000
Instrument Senior unsecured credit linked
Notes
Issue Date 19 May 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 19 August, 19
November, 19 February and 19 May
of each year, as adjusted in
accordance with the applicable
Business Day Convention
Margin 1.70% (one point seven zero
percent) for the period beginning
on and including the Issue Date to
but excluding 19 November 2020;
and
2.20% (two point two zero percent)
for the period from and including 19
November 2020 to and excluding
the Scheduled Maturity Date
Scheduled Maturity Date 19 November 2021
Optional Redemption Date (Call) 19 November 2020
Issue price per Note
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 10 August to 19 August, 10
November to 19 November, 10
February to 19 February and 10 May
to 19 May (all dates inclusive) in
each year until the Scheduled
Maturity Date.
Last Day to Register 9 August, 9 November, 9 February
and 9 May of 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 19 May, 19 August, 19 November
and 19 February 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 IVC174
ISIN ZAG000168154
Aggregate Nominal Amount of Notes Outstanding ZAR6,682,191,236 (Six Billion Six
under the Programme after this issuance Hundred and Eighty Two Million
One Hundred and Ninety One
Thousand and 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: 18 May 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 18-05-2020 11:00:00
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