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New Financial Instrument Listing Announcement - INLV11
Investec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1925/002833/06)
Issuer code: INLV
LEI No: 13800CU7SM6O4UWOZ70
New Financial Instrument Listing Announcement
ISSUE OF INLV11 SUBORDINATED UNSECURED CALLABLE FLOATING RATE TIER2 NOTES (“INLV11 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of ZAR400,000,000
(Four Hundred Million Rand) subordinated unsecured callable floating rate Tier 2 Notes
(stock code INLV11), under Investec Limited’s Domestic Medium Term Note and Preference
Share Programme dated 15 November 2017.
The INLV11 Notes will be issued to Noteholders on the date of listing being 22 December
2021 with effect from commencement of trade.
Salient features of the INLV11 Notes are listed below:
Issuer Investec Limited
Instrument subordinated unsecured callable
Tier 2 Notes, subject to Write Off if
a Trigger Event occurs in relation to
the Issuer.
Issue Date 22 December 2021
Nominal Amount per Note R1,000,000
Aggregate Nominal Amount of Tranche R400,000,000
Interest Rate 3 month JIBAR plus the Margin
Interest Rate Determination Date means 22 December, 22 March, 22
June and 22 September in each
year as determined in accordance
with the applicable Business Day
Convention (as specified in the
Applicable Pricing Supplement),
provided that the first Interest
Determination Date shall be on 22
December 2021
Margin 2.10%
Maturity Date 22 December 2031
Issue price per Note 100%
Final Redemption Amount per Note The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to the Maturity Date)
Redemption at the option of the Issuer Applicable, subject to the applicable
Regulatory Capital Requirements
and Condition 10.1.8 (Conditions to
redemption, purchase, cancellation,
modification, substitution or
variation of Subordinated Capital
Notes). The Optional Redemption
Date is 22 March 2027.
Early Redemption Amount The outstanding Nominal Amount
per Note plus accrued unpaid
interest (if any)
Interest Commencement Date 22 December 2021
Books Close Period The Register will be closed from 13
March to 22 March, 13 June to 22
June, 13 September to 22
September and 13 December
November to 22 December in each
year (all dates inclusive) until the
Applicable Redemption Date, or 10
days prior to any Payment Day.
Last Day to Register Close of business on the Business
Day immediately preceding the first
day of a Books Close Period
Interest Payment Dates 22 March, 22 June, 22 September
and 22 December in each year, with
the first Interest Payment Date
being 22 March 2022
Business Day Convention Following Business Day
JSE Stock Code INLV11
ISIN ZAG000182585
Aggregate Nominal Amount of Notes Outstanding ZAR400,000,000
in the Series 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: 20 December 2021
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 20-12-2021 12:16:00
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