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New Financial Instrument Listing Announcement - IVC188
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 IVC188 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC188 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (fifty
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC188), under
Investec Bank Limited’s Credit Linked Note Programme dated 10 May 2010.
The IVC188 Notes will be issued to Noteholders on the date of listing being 2 December
2020 with effect from commencement of trade.
Salient features of the IVC188 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R50,000,000
Instrument Senior unsecured credit linked
Notes
Issue Date 2 December 2020
Nominal Amount per Note R1,000,000
Interest Rate 3-month JIBAR plus the Margin
Interest Determination Date 2 December, 2 March, 2 June and 2
September of 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 2 December 2021;
3.00% (three point zero zero
percent) for the period beginning on
and including 2 December 2021 to
and excluding the Scheduled
Maturity Date
Scheduled Maturity Date 2 December 2022
Optional Redemption Date (Call) 2 December 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 23 November to 2 December,
21 February to 2 March, 24 May to 2
June and 24 August to 2 September
(all dates inclusive) of each year
until the Scheduled Maturity Date
Last Day to Register 20 February, 23 May, 23 August
and 22 November 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 2 March, 2 June, 2 September and
2 December of each year, adjusted
in accordance with the applicable
Business Day Convention, with the
first Interest Payment Date being 2
March 2021
Business Day Convention Following Business Day
JSE Stock Code IVC188
ISIN ZAG000173022
Aggregate Nominal Amount of Notes Outstanding ZAR7,516,191,236 (seven billion
under the Programme after this issuance five hundred and sixteen 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: 1 December 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 01-12-2020 11:13:00
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