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TAP ISSUE OF INLV09 NOTES
Investec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1925/002833/06)
Issuer code: INLV
LEI No: 13800CU7SM6O4UWOZ70
Tap Issue Announcement
ISSUE OF INLV09 SUBORDINATED UNSECURED FLOATING RATE ADDITIONAL TIER1
NOTES (“INLV09 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the tap issue of ZAR177,000,000
(one hundred and seventy-seven million Rand) subordinated unsecured floating rate
Additional Tier 1 Notes (stock code INLV09), to be listed on the JSE under Investec Limited’s
Domestic Medium Term Note and Preference Share Programme dated 15 November 2017.
The tap issuance of INLV09 Notes will be issued to Noteholders on the date of listing, being
29 July 2021, with effect from commencement of trade.
Salient features of the INLV09 Notes are listed below:
Issuer Investec Limited
Instrument subordinated unsecured Additional
Tier 1 Notes, subject to Write Off if
a Trigger Event occurs in relation to
the Issuer.
Issue Date 29 July 2021
Nominal Amount per Note R1,000,000
Aggregate Nominal Amount of Tranche R177,000,000
Interest Rate 3 month JIBAR plus the Margin
Interest Rate Determination Date means 24 May, 24 August, 24
November and 24 February as
determined in accordance with the
applicable Business Day
Convention (as specified in the
Applicable Pricing Supplement),
provided that the first Interest
Determination Date is 24 May 2021
Margin 4.40%
Maturity Date Not Applicable. The Notes are
Additional Tier 1 Notes. Refer to
item 24 of the Applicable Pricing
Supplement.
Issue price per Note 100.40439%
Final Redemption Amount per Note The Notes are Additional Tier 1
Notes. Refer to item 24 of the
Applicable Pricing Supplement.
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 24 August 2026.
Early Redemption Amount The outstanding Nominal Amount
per Note plus accrued unpaid
interest (if any)
Interest Commencement Date 24 May 2021
Books Close Period The Register will be closed from 15
May to 24 May, 15 August to 24
August, 15 November to 24
November and 15 February to 24
February (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 24 May, 24 August, 24 November
and 24 February with the first
Interest Payment Date being 24
August 2021
Business Day Convention Following Business Day
JSE Stock Code INLV09
ISIN ZAG000176694
Tranche Number 2
Aggregate Nominal Amount of Notes Outstanding ZAR777,000,000
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: 28 July 2021
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 28-07-2021 01:15:00
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