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New Financial Instrument Listing Announcement - IVC185
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 IVC185 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC185 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of R100,000,000 (One
Hundred Million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC185), under Investec Bank Limited’s Credit Linked Note Programme dated 10 May 2010.
The IVC185 Notes will be issued to Noteholders on the date of listing being 14 October 2020
with effect from commencement of trade.
Salient features of the IVC185 Notes are listed below:
Issuer Investec Bank Limited
Issue Price R100,000,000
Instrument Senior unsecured credit linked
Notes
Issue Date 14 October 2020
Nominal Amount per Note R1,000,000
Interest Rate 3-month JIBAR (provided that in
respect of the first Interest Period an
interpolated rate between 1-month
JIBAR and 3-month JIBAR will be
applicable) plus the Margin
Interest Determination Date The first day of each Interest Period
being 23 September, 23 December,
23 March and 23 June of each year,
or if such day is not a Business Day
then, as adjusted in accordance
with the applicable Business Day
Convention (as specified in the
Applicable Pricing Supplement),
provided that in respect of the first
Interest Period the Interest
Determination Date shall be the
Issue Date
Margin 0.90% (nought comma nine zero
percent)
Scheduled Maturity Date 23 March 2021
Optional Redemption Date (Call) Not Applicable
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 The Register will be closed from 14
September to 23 September, 14
December to 23 December, 14
March to 23 March and from 14 June
to 23 June (all dates inclusive) of
each year until the Scheduled
Maturity Date.
In the event of any Redemption of
the Notes on a date that is not an
Interest Payment Date, then the
Books Closed Period shall be as
determined by the Calculation Agent
and notified to Noteholders by SENS
announcement not less than 10
days before the Redemption Date of
the Notes
Last Day to Register 13 September, 13 December, 13
March and 13 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 23 September, 23 December, 23
March and 23 June of each year, or
if such date is not a Business Day,
the Business Day on which the
interest will be paid, as adjusted in
accordance with the applicable
Business Day Convention (as
specified in the Applicable Pricing
Supplement), commencing on the
First Interest Payment Date.
Business Day Convention Following Business Day
JSE Stock Code IVC185
ISIN ZAG000171703
Aggregate Nominal Amount of Notes Outstanding ZAR8,216,191,236
under the Programme 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: 12 October 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 12-10-2020 05:42:00
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