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New Financial Instrument Listing Announcement - IVC190
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 IVC190 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC190 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of R150,000,000 (one
hundred and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC190), under Investec Bank Limited’s Credit Linked Note Programme dated 10 May 2010.
The IVC190 Notes will be issued to Noteholders on the date of listing being 15 December
2020 with effect from commencement of trade.
Salient features of the IVC190 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R150,000,000
Instrument Senior unsecured credit linked
Notes
Issue Date 15 December 2020
Nominal Amount per Note R1,000,000
Interest Rate 3-month JIBAR plus the Margin
Interest Determination Date 15 December, 15 March, 15 June
and 15 September of each year, as
adjusted in accordance with the
applicable Business Day
Convention
Margin 1.75% (one point seven five
percent) for the period beginning on
and including the Issue Date to but
excluding 15 December 2021;
2.20% (two point two zero percent)
for the period beginning on and
including the Issue Date to but
excluding 15 December 2023; and
3.20% (three point two zero
percent) for the period beginning on
and including 15 December 2023 to
and excluding the Scheduled
Maturity Date
Scheduled Maturity Date 15 December 2025
Optional Redemption Date (Call) 15 December 2021 and 15
December 2023
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 6 December to 15 December,
6 March to 15 March, 6 June to 15
June and 6 September to 15
September (all dates inclusive) of
each year until the Scheduled
Maturity Date
Last Day to Register 5 December, 5 March, 5 June and 5
September 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 5 March, 15 June, 15 September
and 15 December 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 15
March 2021
Business Day Convention Following Business Day
JSE Stock Code IVC190
ISIN ZAG000173261
Aggregate Nominal Amount of Notes Outstanding ZAR8,445,231,785 (eight billion
under the Programme after this issuance four hundred and forty five 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: 14 December 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 14-12-2020 11:18:00
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