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INVESTEC BANK LIMITED - New Financial Instrument Listing Announcement - IVC182

Release Date: 11/08/2020 10:25
Code(s): IVC182     PDF:  
Wrap Text
New Financial Instrument Listing Announcement - IVC182

 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 IVC182 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC182 NOTES”)

Application has been made to the JSE Limited (“JSE”) for the listing of R350,000,000 (Three
Hundred and Fifty Million Rand) senior unsecured floating rate credit linked Notes (stock
code IVC182), under Investec Bank Limited’s Credit Linked Note Programme dated 10 May
2010.

The IVC182 Notes will be issued to Noteholders on the date of listing being 12 August 2020
with effect from commencement of trade.

Salient features of the IVC182 Notes are listed below:


Issuer                                          Investec Bank Limited

Issue Price                                     R350,000,000

Instrument                                      Senior   unsecured    credit   linked
                                                Notes

Issue Date                                      12 August 2020

Nominal Amount per Note                         R1,000,000

Interest Rate                                   3 month JIBAR plus the Margin

Interest Determination Date                     12 August, 12 November, 12
                                                February and 12 May of each year,
                                                as adjusted in accordance with the
                                                applicable      Business      Day
                                                Convention

Margin                                          1.75% (one point seven five
                                                percent) for the period beginning on
                                                and including the Issue Date to but
                                                excluding 12 August 2021;
                                                2.00% (two percent) for the period
                                                beginning on and including 12
                                                August 2021 to and excluding the
                                                Scheduled Maturity Date
Scheduled Maturity Date                         12 August 2022

Optional Redemption Date (Call)                 12 August 2021

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 3 August to 12 August, 3
                                                November to 12 November, 3
                                                February to 12 February and 3 May
                                                to 12 May (all dates inclusive) of
                                                each year until the Scheduled
                                                Maturity Date

Last Day to Register                            2 August, 2 November, 2 February
                                                and 2 May 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                          12 August, 12 November, 12
                                                February and 12 May of each year,
                                                adjusted in accordance with the
                                                applicable      Business        Day
                                                Convention., with the first Interest
                                                Payment Date being 12 November
                                                2020

Business Day Convention                         Following Business Day

JSE Stock Code                                  IVC182

ISIN                                            ZAG000170135

Aggregate Nominal Amount of Notes Outstanding   ZAR7 707 191 236 (Seven Billion
under the Programme after this issuance         Seven Hundred and 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: 11 August 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za

Date: 11-08-2020 10:25:00
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