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New Financial Instrument Listing Announcement - INLV07
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 INLV07 SUBORDINATED UNSECURED FLOATING RATE TIER 2 NOTES (“INLV07
NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of ZAR1,636,000,000 (One Billion
Six Hundred And Thirty Sixty Million Rand) subordinated unsecured floating rate Tier 2 Notes (stock
code INLV07), under Investec Limited’s Domestic Medium Term Note and Preference Share
Programme dated 15 November 2017.
The INLV07 Notes will be issued to Noteholders on the date of listing being 9 March 2021 with effect
from commencement of trade.
Salient features of the INLV07 Notes are listed below:
Issuer Investec Limited
Instrument subordinated unsecured Tier 2 Notes,
subject to Write Off if a Trigger Event
occurs in relation to the Issuer.
Issue Date 9 March 2021
Nominal Amount per Note R1,000,000
Aggregate Nominal Amount of Tranche ZAR1,636,000,000
Interest Rate 3 month JIBAR plus the Margin
Interest Rate Determination Date 9 March, 9 June, 9 September and 9
December 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 9 March
2021
Margin 2.60%
Maturity Date 9 March 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 9 March
2026 or on any Interest Payment Date
thereafter.
Early Redemption Amount The outstanding Nominal Amount per
Note plus accrued unpaid interest (if
any)
Interest Commencement Date 9 March 2021
Books Close Period The Register will be closed from 27
February to 9 March, 30 May to 9 June,
30 August to 9 September and 29
November to 9 December (all dates
inclusive) in each year 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 9 March, 9 June, 9 September and 9
December with the first Interest
Payment Date being 9 June 2021
Business Day Convention Following Business Day
JSE Stock Code INLV07
ISIN ZAG000174640
Aggregate Nominal Amount of Notes Outstanding in ZAR1,636,000,000
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: 8 March 2021
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 08-03-2021 11:29:00
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