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INVESTEC LIMITED - Tap issuance - Financial Instrument Listing Announcement - INLV06

Release Date: 24/11/2020 10:08
Code(s): INLV06     PDF:  
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Tap issuance - Financial Instrument Listing Announcement - INLV06

 Investec Limited
 (Incorporated in the Republic of South Africa)
 (Registration number: 1925/002833/06)
 Issuer code: INLV
 LEI No: 13800CU7SM6O4UWOZ70

 Tap issuance - Financial Instrument Listing


Application has been made to the JSE Limited (“JSE”) for a tap issuance for the listing of
ZAR45,000,000 (Forty Five Million Rand) subordinated unsecured floating rate Additional
Tier 1 Notes (stock code INLV06), under Investec Limited’s Domestic Medium Term Note
and Preference Share Programme dated 15 November 2017.

The tap issuance of the INLV06 Notes will be issued to Noteholders on the date of listing
being 25 November 2020 with effect from commencement of trade.

Salient features of the tap issuance of the INLV06 Notes are listed below:

Issuer                                          Investec Limited

Instrument                                      subordinated unsecured Additional
                                                Tier 1 Notes, subject to Write Off if
                                                a Trigger Event occurs in relation to
                                                the Issuer.

Issue Date                                      25 November 2020

Nominal Amount per Note                         R1,000,000

Aggregate Nominal Amount of Tranche             R45,000,000

Interest Rate                                   3 month JIBAR plus the Margin

Interest Rate Determination Date                means 22 January, 22 April, 22 July
                                                and 22 October 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 22 October 2020

Margin                                          4.85%

Maturity Date                                   Not Applicable. The Notes are
                                                Additional Tier 1 Notes. Refer to
                                                item 24 of the Applicable Pricing

Issue price per Note                            100.76225%

Final Redemption Amount per Note                The Notes are Additional Tier 1
                                                Notes. Refer to item 24 of the
                                                Applicable Pricing Supplement.

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 22 January 2026.

Early Redemption Amount                         The outstanding Nominal Amount
                                                per Note plus accrued unpaid
                                                interest (if any)

Interest Commencement Date                      22 October 2020

Books Close Period                              The Register will be closed from 13
                                                January to 22 January, 13 April to
                                                22 April, 13 July to 22 July and 13
                                                October to 22 October (all dates
                                                inclusive) in each year 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                          22 January, 22 April, 22 July and 22
                                                October with the first Interest
                                                Payment Date being 22 January

Business Day Convention                         Following Business Day

JSE Stock Code                                  INLV06

ISIN                                            ZAG000171943

Aggregate Nominal Amount of Notes Outstanding   ZAR173,000,000
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: 24 November 2020
Debt Sponsor:
Investec Bank Limited

Date: 24-11-2020 10:08:00
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