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New Financial Instrument Listing - IVC165
Investec Bank Limited
New Financial Instrument Listing
Announcement
ISSUE OF IVC165 SENIOR UNSECURED FLOATING RATE CREDIT LINKED NOTES
(“IVC165 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of R300, 000,000 (three
hundred million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC165), under Investec Bank Limited’s Credit Linked Note Programme dated
10 May 2010.
The IVC165 Notes will be issued to Noteholders on the date of listing being 20 September
2019 with effect from commencement of trade.
Salient features of the IVC165 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior unsecured credit linked
Notes
Issue Date 20 September 2019
Nominal Amount per Note R1,000,000
Interest Rate 3 month JIBAR plus the Margin
Interest Determination Date 20 December, 20 March, 20 June
and 20 September of each year, as
adjusted in accordance with the
applicable Business Day
Convention
Margin 1.125% (one point one two five
percent) for the period beginning
on and including the Issue Date to
and ending on but excluding the
Optional Redemption Date (Call);
and
1.325% (one point three two five
percent) for the period beginning on
and including the Optional
Redemption Date (Call) to and
ending on but excluding the
Scheduled Maturity Date;
Scheduled Maturity Date 20 September 2021
Optional Redemption Date (Call) 20 September 2020
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 11 September to 20
September, 11 December to 20
December, 11 March to 20 March
and 11 June to 20 June (all dates
inclusive) in each year until the
Scheduled Maturity Date.
Last Day to Register 10 September, 10 December, 10
March and 10 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 20 September, 20 December, 20
March and 20 June in each year and
the Scheduled Maturity Date,
adjusted in accordance with the
applicable Business Day
Convention.
Business Day Convention Following Business Day
JSE Stock Code IVC165
ISIN ZAG000162629
Aggregate Nominal Amount of Notes Outstanding ZAR300,000,000 (Three Hundred
in the Series after this issuance Million 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: 19 September 2019
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 19/09/2019 08:00:00
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