INVESTEC BANK LIMITED - New Financial Instrument Listing - IVC165

New Financial Instrument Listing - IVC165

 Investec Bank Limited

 New Financial Instrument Listing
 Announcement


ISSUE OF IVC165 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC165 NOTES”)

Application has been made to the JSE Limited (“JSE”) for the listing of R300, 000,000 (three
hundred million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC165), under Investec Bank Limited’s Credit Linked Note Programme dated
10 May 2010.

The IVC165 Notes will be issued to Noteholders on the date of listing being 20 September
2019 with effect from commencement of trade.

Salient features of the IVC165 Notes are listed below:


Issuer                                                   Investec Bank Limited
Instrument                                               Senior unsecured credit linked
                                                         Notes
Issue Date                                               20 September 2019
Nominal Amount per Note                                  R1,000,000
Interest Rate                                            3 month JIBAR plus the Margin
Interest Determination Date                              20 December, 20 March, 20 June
                                                         and 20 September of each year, as
                                                         adjusted in accordance with the
                                                         applicable       Business       Day
                                                         Convention
Margin                                                   1.125% (one point one two five
                                                         percent) for the period beginning
                                                         on and including the Issue Date to
                                                         and ending on but excluding the
                                                         Optional Redemption Date (Call);
                                                         and
                                                         1.325% (one point three two five
                                                         percent) for the period beginning on
                                                         and    including      the   Optional
                                                         Redemption Date (Call) to and
                                                         ending on but excluding the
                                                         Scheduled Maturity Date;

Scheduled Maturity Date                                  20 September 2021
Optional Redemption Date (Call)                          20 September 2020
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 11 September to 20
                                                    September, 11 December to 20
                                                    December, 11 March to 20 March
                                                    and 11 June to 20 June (all dates
                                                    inclusive) in each year until the
                                                    Scheduled Maturity Date.

Last Day to Register                                10 September, 10 December, 10
                                                    March and 10 June of 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                              20 September, 20 December, 20
                                                    March and 20 June 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                                      IVC165
ISIN                                                ZAG000162629
Aggregate Nominal Amount of Notes Outstanding       ZAR300,000,000 (Three Hundred
in the Series after this issuance                   Million 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: 19 September 2019
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za

Date: 19/09/2019 08:00:00
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