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New Financial Instrument Listing Announcement - IVC186
Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/004763/06)
Issuer code: BIINLP
LEI No: 549300RH5FFHO48FXT69
New Financial Instrument Listing Announcement
ISSUE OF IVC186 SENIOR UNSECURED FIXED RATE CREDIT LINKED NOTES (“IVC186
NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of R500,000,000 (Five
Hundred Million Rand) senior unsecured fixed rate credit linked Notes (stock code IVC186),
under Investec Bank Limited’s Credit Linked Note Programme dated 10 May 2010.
The IVC186 Notes will be issued to Noteholders on the date of listing being 28 October 2020
with effect from commencement of trade.
Salient features of the IVC186 Notes are listed below:
Issuer Investec Bank Limited
Issue Price R500,000,000
Instrument Senior unsecured credit linked
Notes
Issue Date 28 October 2020
Nominal Amount per Note R1,000,000
Interest Rate 7.40% NACS payable on each
Interest Payment Date
Interest Determination Date N/A
Margin N/A
Scheduled Maturity Date 21 December 2026
Optional Redemption Date (Call) Applicable: 21 December 2022 and
21 December 2024
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 The Register will be closed from 12
December to 21 December and 12
June to 21 June (all dates inclusive)
of each year until the Scheduled
Maturity Date.
In the event of any Redemption of
the Notes on a date that is not an
Interest Payment Date, then the
Books Closed Period shall be as
determined by the Calculation Agent
and notified to Noteholders by SENS
announcement not less than 10
days before the Redemption Date of
the Notes
Last Day to Register 11 December and 11 June 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 21 December and 21 June of each
year, or if such date is not a
Business Day, the Business Day on
which the interest will be paid, as
adjusted in accordance with the
applicable Business Day
Convention (as specified in the
Applicable Pricing Supplement),
commencing on the First Interest
Payment Date.
Business Day Convention Following Business Day
JSE Stock Code IVC186
ISIN ZAG000172040
Aggregate Nominal Amount of Notes Outstanding ZAR8,716,191,236
under the Programme 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: 27 October 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 27-10-2020 11:25:00
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