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INVESTEC LIMITED - New Financial Instrument Listing - INLV10

Release Date: 03/12/2021 12:15
Code(s): INLV10     PDF:  
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New Financial Instrument Listing - INLV10

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

ISSUE OF INLV10 SUBORDINATED UNSECURED FLOATING RATE ADDITIONAL TIER1
NOTES (“INLV10 NOTES”)

Application has been made to the JSE Limited (“JSE”) for the listing of ZAR500,000,000
(Five Hundred Million Rand) subordinated unsecured floating rate Additional Tier 1 Notes
(stock code INLV10), under Investec Limited’s Domestic Medium Term Note and Preference
Share Programme dated 15 November 2017.

The INLV10 Notes will be issued to Noteholders on the date of listing being 6 December
2021 with effect from commencement of trade.

Salient features of the INLV10 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                                          6 December 2021

Nominal Amount per Note                             R1,000,000

Aggregate Nominal Amount of Tranche                 R500,000,000

Interest Rate                                       3 month JIBAR plus the Margin

Interest Rate Determination Date                    means 6 December, 6 March, 6
                                                    June and 6 September 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 6
                                                    December 2021

Margin                                              4.05%

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

Issue price per Note                                100%

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 6 March 2027.

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

Interest Commencement Date                          6 December 2021

Books Close Period                                  The Register will be closed from 25
                                                    February to 6 March, 28 May to 6
                                                    June, 28 August to 6 September
                                                    and 27 November to 6 December in
                                                    each year (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                              6 March, 6 June, 6 September and
                                                    6 December in each year, with the
                                                    first Interest Payment Date being 6
                                                    March 2022
Business Day Convention                             Following Business Day

JSE Stock Code                                      INLV10

ISIN                                                ZAG000182148

Aggregate Nominal Amount of Notes Outstanding       ZAR500,000,000
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: 3 December 2021
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za

Date: 03-12-2021 12:15:00
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