Wrap Text
New Financial Instrument Listing - INLV12
Investec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1925/002833/06)
Issuer code: INLV
LEI No: 13800CU7SM6O4UWOZ70
New Financial Instrument Listing Announcement
ISSUE OF INLV12 SUBORDINATED UNSECURED CALLABLE FLOATING RATE TIER2
NOTES (“INLV12 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of ZAR1,100,000,000
(one billion one hundred Million Rand) subordinated unsecured callable floating rate Tier 2
Notes (stock code INLV12), under Investec Limited’s Domestic Medium Term Note and
Preference Share Programme dated 15 November 2017.
The INLV12 Notes will be issued to Noteholders on the date of listing being 25 March 2022
with effect from commencement of trade.
Salient features of the INLV12 Notes are listed below:
Issuer Investec Limited
Instrument subordinated unsecured callable
Tier 2 Notes, subject to Write Off if
a Trigger Event occurs in relation to
the Issuer.
Issue Date 25 March 2022
Nominal Amount per Note R1,000,000
Aggregate Nominal Amount of Tranche R1,100,000,000
Interest Rate 3 month JIBAR plus the Margin
Interest Rate Determination Date means 25 March, 25 June, 25
September and 25 December in
each year as determined in
accordance with the applicable
Business Day Convention (as
specified in the Applicable Pricing
Supplement), provided that the first
Interest Determination Date shall be
on 25 March 2022
Margin 2.20%
Maturity Date 25 March 2032
Issue price per Note 100%
Final Redemption Amount per Note The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, to the Maturity Date)
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 25 June 2027 and on each
Interest Payment Date thereafter.
Early Redemption Amount The outstanding Nominal Amount
per Note plus accrued unpaid
interest (if any)
Interest Commencement Date 25 March 2022
Books Close Period The Register will be closed from 16
March to 25 March, 16 June to 25
June, 16 September to 25
September and 16 December
November to 25 December in each
year (all dates inclusive) 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 25 March, 25 June, 25 September
and 25 December in each year, with
the first Interest Payment Date
being 25 June 2022
Business Day Convention Following Business Day
JSE Stock Code INLV12
ISIN ZAG000184672
Aggregate Nominal Amount of Notes Outstanding ZAR1,100,000,000
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: 23 March 2022
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 23-03-2022 04:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
