INVESTEC BANK LIMITED - Investec Bank Limited - New Financial Instrument Listing

Investec Bank Limited - New Financial Instrument Listing

 Investec Bank Limited

 New Financial Instrument Listing
 Announcement


ISSUE OF IVC169 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC169 NOTES”)

Application has been made to the JSE Limited (“JSE”) for the listing of R250, 000,000 (Two
Hundred and Fifty Million Rand) senior unsecured floating rate credit linked Notes (stock
code IVC169), under Investec Bank Limited’s Credit Linked Note Programme dated
10 May 2010.

The IVC169 Notes will be issued to Noteholders on the date of listing being 10 March 2020
with effect from commencement of trade.

Salient features of the IVC169 Notes are listed below:


Issuer                                                   Investec Bank Limited
Instrument                                               Senior unsecured credit linked
                                                         Notes
Issue Date                                               10 March 2020
Nominal Amount per Note                                  R1,000,000
Interest Rate                                            6 month JIBAR plus the Margin
Interest Determination Date                              The Trade Date, being 2 March
                                                         2020 and thereafter 17 August and
                                                         17 February of each year, as
                                                         adjusted in accordance with the
                                                         applicable       Business       Day
                                                         Convention
Margin                                                   0.995% (zero point nine, nine five
                                                         percent) for the period beginning
                                                         on and including the Issue Date to
                                                         and ending on but excluding the
                                                         Scheduled Maturity Date
Scheduled Maturity Date                                  19 February 2021
Optional Redemption Date (Call)                          N/A
Issue price per Note
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 10 August to 19 August and
                                                         from 10 February to 19 February (all
                                                         dates inclusive) in each year until
                                                         the Scheduled Maturity Date.
Last Day to Register                                9 August and 9 February 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                              19 August and 10 February of 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                                      IVC169
ISIN                                                ZAG000166927
Aggregate Nominal Amount of Notes Outstanding       ZAR250,000,000 (Two Hundred
in the Series after this issuance                   and Fifty 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: 9 March 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za

Date: 05-03-2020 05:44:00
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