| Thu 24 Feb 2022, 12:30 | | New Financial Instrument Listing Announcement – IVC213 |
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New Financial Instrument Listing Announcement – IVC213
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 – IVC213
Application has been made to the JSE Limited (“JSE”) for the listing of R200,000,000 (two
hundred million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC213), under Investec Bank Limited’s Credit Linked Note Programme dated 17 March
2021.
The IVC213 Notes will be issued to Noteholders on the date of listing being with effect from
25 February 2022 commencement of trade.
Salient features of the IVC213 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R1,000,000 per Note on the Issue
Date
Instrument Senior unsecured credit linked
Notes
Issue Date 25 February 2022
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months
from the date beginning on and
including the Issue Date to but
excluding the Scheduled Maturity
Date, plus the Margin
Margin 1.60% (one point six zero percent)
for the period beginning on and
including the Issue Date to but
excluding 26 April 2023;
2.00% (two percent) for the period
beginning on and including 26 April
2023 to but excluding
26 April 2025; and
3.25% (three point two five percent)
for the period beginning on and
including 26 April 2025 to but
excluding the Scheduled Maturity
Date
Scheduled Maturity Date 26 April 2028
Optional Redemption Date (Call) 26 April 2023 and 26 April 2025
Optional Redemption Amount (Call) Aggregate outstanding Principal
Amount per Note plus accrued
unpaid interest to the Optional
Redemption Date (Call)
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount
per Note (plus accrued unpaid
interest, if any, to the Scheduled
Maturity Date)
Interest Commencement Date Issue Date
Books Close Period from 16 April to 26 April, 16 July to
26 July, 16 October to 26 October
and 16 January to 26 January in
each year (all dates inclusive) until
the Applicable Redemption Date, or
10 (ten) days prior to any Payment
Day
Last Day to Register 15 April, 15 July, 15 October and 15
January in each year, or if such day
is not a Business Day, the Business
Day before each Books Closed
Period, or the last Business Day
immediately preceding the
commencement of the Books
Closed Period
Interest Payment Dates means 26 January, 26 April, 26 July
and 26 October in each year or, if
such day is not a Business Day, the
Business Day on which interest will
be paid, as determined in
accordance with the applicable
Business Day Convention (as
specified in the Applicable Pricing
Supplement) with the first Interest
Payment Date being 26 April 2022
Business Day Convention Following Business Day
JSE Stock Code IVC213
ISIN ZAG000183997
Aggregate Nominal Amount of Notes Outstanding ZAR9,045,104,752 (nine billion forty
under the Programme after this issuance five million one hundred and four
thousand seven hundred and fifty
two 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: 24 February 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 24-02-2022 12:30:00
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