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New Financial Instrument Listing Announcement - IVC178
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 IVC178 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC178 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of R60,000,000 (Sixty
Million Rand) senior unsecured floating rate credit linked Notes (stock code IVC178), under
Investec Bank Limited’s Credit Linked Note Programme dated
10 May 2010.
The IVC178 Notes will be issued to Noteholders on the date of listing being 9 July 2020 with
effect from commencement of trade.
Salient features of the IVC178 Notes are listed below:
Issuer Investec Bank Limited
Issue Price R60,000,000
Instrument Senior unsecured credit linked
Notes
Issue Date 9 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 9 July, 9 October, 9
January and 9 April in each year, as
adjusted in accordance with the
applicable Business Day
Convention
Margin 2.25% (two point two five percent)
for the period beginning on and
including the Issue Date to but
excluding 9 July 2023; and
2.70% (two point seven zero
percent) for the period from and
including 9 July 2023 to and
excluding the Scheduled Maturity
Date
Scheduled Maturity Date 9 July 2025
Optional Redemption Date (Call) 9 July 2023
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 30 June to 9 July, 30
September to 9 October, 31
December to 9 January and 31
March to 9 April (all dates inclusive)
in each year until the Scheduled
Maturity Date.
Last Day to Register 29 June, 29 September, 30
December and 30 March 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 9 July, 9 October, 9 January and 9
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 IVC178
ISIN ZAG000169418
Aggregate Nominal Amount of Notes Outstanding ZAR7 247 191 236 (Seven Billion
under the Programme after this issuance Two Hundred and Forty 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: 8 July 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 08-07-2020 09:08:00
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