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INVESTEC BANK LIMITED - New Financial Instrument Listing - IVC179

Release Date: 24/07/2020 12:30
Code(s): IVC179     PDF:  
Wrap Text
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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