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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 IVC172 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC172 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 IVC172), under Investec Bank Limited’s Credit Linked Note Programme dated
10 May 2010.
The IVC172 Notes will be issued to Noteholders on the date of listing being 18 May 2020
with effect from commencement of trade.
Salient features of the IVC172 Notes are listed below:
Issuer Investec Bank Limited
Issue Price R250,000,000
Instrument Senior unsecured credit linked
Notes
Issue Date 18 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 18 August, 18
November, 18 February and 18 May
of each year, as adjusted in
accordance with the applicable
Business Day Convention
Margin 1.225% (one point two two five
percent) for the period beginning
on and including the Issue Date to
but excluding 18 November 2020;
and
1.550% (one point five five zero
percent) for the period from and
including 18 November 2020 to
and excluding the Scheduled
Maturity Date
Scheduled Maturity Date 18 November 2021
Optional Redemption Date (Call) 18 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 9 August to 18 August, 9
November to 18 November, 9
February to 18 February and 9 May
to 18 May (all dates inclusive) in
each year until the Scheduled
Maturity Date.
Last Day to Register 8 August, 8 November, 8 February
and 8 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 18 May, 18 August, 18 November
and 18 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 IVC172
ISIN ZAG000168147
Aggregate Nominal Amount of Notes Outstanding ZAR6,432,191,236 (Six Billion Four
under the Programme after this issuance Hundred and Thirty 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: 15 May 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 15-05-2020 12:00:00
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