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New Financial Instrument Listing Announcement - IVC173
Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1969/004763/06)
Issuer code: BIINLP
New Financial Instrument Listing Announcement
ISSUE OF IVC173 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC173 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of R200,000,000 (Two
Hundred Million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC173), under Investec Bank Limited’s Credit Linked Note Programme dated
10 May 2010.
The IVC173 Notes will be issued to Noteholders on the date of listing being 17 July 2020
with effect from commencement of trade.
Salient features of the IVC173 Notes are listed below:
Issuer Investec Bank Limited
Issue Price R200,000,000
Instrument Senior unsecured credit linked
Notes
Issue Date 17 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 17 July, 17 October,
17 January and 17 April in each
year, as adjusted in accordance
with the applicable Business Day
Convention
Margin 2.50% (two point five zero percent)
for the period beginning on and
including the Issue Date to but
excluding 17 July 2021; and
2.75% (two point seven five
percent) for the period from and
including 17 July 2021 to and
excluding the Scheduled Maturity
Date
Scheduled Maturity Date 17 July 2022
Optional Redemption Date (Call) 17 July 2021
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 8 July to 17 July, 8 October to
17 October, 8 January to 17 January
and 8 April to 17 April (all dates
inclusive) in each year until the
Scheduled Maturity Date.
Last Day to Register 7 July, 7 October, 7 January and 7
April in 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 17 July, 17 October, 17 January and
17 April in each year and the
Scheduled Maturity Date, adjusted
in accordance with the applicable
Business Day Convention.
Business Day Convention Following Business Day
JSE Stock Code IVC173
ISIN ZAG000169673
Aggregate Nominal Amount of Notes Outstanding ZAR7 307 191 236 (Seven Billion
under the Programme after this issuance Three Hundred and 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: 16 July 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 16-07-2020 10:20:00
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