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INVESTEC BANK LIMITED - New Financial Instrument Listing Announcement IVC207

Release Date: 25/11/2021 12:40
Code(s): IVC207     PDF:  
Wrap Text
New Financial Instrument Listing Announcement – IVC207

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 – IVC207

Application has been made to the JSE Limited (“JSE”) for the listing of R50,000,000 (fifty
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC207), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC207 Notes will be issued to Noteholders on the date of listing being 26 November
2021 with effect from commencement of trade.

Salient features of the IVC207 Notes are listed below:

Issuer                                       Investec Bank Limited

Principal Amount                             R1,000,000 per Note on the Issue Date

Instrument                                   Senior unsecured floating rate Notes

Issue Date                                   26 November 2021

Nominal Amount per Note                      R1,000,000

Interest Rate                                4.750% (3 Month JIBAR as at 19 Nov 2021
                                             of 3.850% plus the Margin)

Margin                                       0.90% (zero point nine zero percent)

Scheduled Maturity Date                      17 February 2022

Optional Redemption Date (Call)              N/A

Issue price per Note                         100%

Final Redemption Amount per Note             The Principal Amount per Note (plus
                                             accrued unpaid interest, if any, to the
                                             Scheduled Maturity Date)

Interest Commencement Date                   Issue Date

Books Close Period                           From 8 February 2022 to 17 February 2022
                                             (all dates inclusive) until the Applicable
                                             Redemption Date, or 10 (ten) days prior to
                                             any Payment Day

Last Day to Register                         7 February 2022, 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

Interest Payment Date                        means 17 February 2022 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)

Business Day Convention                      Following Business Day

JSE Stock Code                               IVC207

ISIN                                         ZAG000182056

Aggregate Nominal Amount of Notes            ZAR9,526,231,785 (nine billion five
Outstanding under the Programme after        hundred and twenty six million two
this issuance                                hundred and thirty one thousand seven
                                             hundred and eighty five 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

25 November 2021

Debt Sponsor:
Investec Bank Limited

Date: 25-11-2021 12:40:00
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