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New Financial Instrument Listing Announcement - IVC194
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 - IVC194
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 IVC194),
under Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.
The IVC194 Notes will be issued to Noteholders on the date of listing being 18 May 2021
with effect from commencement of trade.
Salient features of the IVC194 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R500,000,000
Instrument Senior unsecured credit linked
Notes
Issue Date 18 May 2021
Nominal Amount per Note R1,000,000
Interest Rate 7.23% (seven point two three
percent) per annum payable semi-
annually for the period beginning on
and including the Issue Date to but
excluding 31 July 2026; and
12.01% (twelve point zero one
percent) per annum payable semi-
annually for the period beginning on
and including the 31 July 2026 to
but excluding the Scheduled
Maturity Date
Scheduled Maturity Date 31 January 2030
Optional Redemption Date (Call) 31 July 2022, 31 July 2023, 31 July
2024, 31 July 2025, 31 July 2026
and each quarter thereafter up to 31
October 2029
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 22 January to 31 January and
22 July to 31 July (all dates
inclusive) of each year until the
Scheduled Maturity Date
Last Day to Register 21 January and 21 July 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 31 July and 31 January 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 being 31 July 2021
Business Day Convention Following Business Day
JSE Stock Code IVC194
ISIN ZAG000176538
Aggregate Nominal Amount of Notes Outstanding ZAR8,500,231,785 (eight billion five
under the Programme after this issuance hundred million two hundred and
thirty one thousand seven hundred
and eighty five 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: 17 May 2021
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 17-05-2021 12:23:00
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