New Financial Instrument Listing - IVC179
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 IVC179 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC179 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 IVC179), under Investec Bank Limited’s Credit Linked Note Programme dated 10 May
2010.
The IVC179 Notes will be issued to Noteholders on the date of listing being 27 July2020 with
effect from commencement of trade.
Salient features of the IVC179 Notes are listed below:
Issuer Investec Bank Limited
Issue Price R150,000,000
Instrument Senior unsecured credit linked
Notes
Issue Date 27 July 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 23 September 2020
and 23 December, as adjusted in
accordance with the applicable
Business Day Convention
Margin 1.40% (one point four zero percent)
for the period beginning on and
including the Issue Date to but
excluding the Scheduled Maturity
Date
Scheduled Maturity Date 23 March 2021
Optional Redemption Date (Call) Not Applicable
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 14 September 2020 to 23
September 2020, 14 December
2020 to 23 December 2020 and 14
March 2021 to 23 March 2020
Last Day to Register 13 September 2020, 13 December
2020 and 13 March 2021, 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 23 September 2020, 23 December
2020 and the Scheduled Maturity
Date, adjusted in accordance with
the applicable Business Day
Convention.
Business Day Convention Following Business Day
JSE Stock Code IVC179
ISIN ZAG000169749
Aggregate Nominal Amount of Notes Outstanding ZAR7 157 191 236 (Seven Billion
under the Programme after this issuance One Hundred andFifty Seven
Million One Hundred and Ninety
One Thousand 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: 24 July 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 24-07-2020 12:30:00
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