Wrap Text
New Financial Instrument Listing Announcement - INLV18
Investec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1925/002833/06)
Issuer code: INLV
LEI No: 13800CU7SM6O4UWOZ70
New Financial Instrument Listing Announcement - INLV18
Application has been made to the JSE Limited ("JSE") for the listing of ZAR500,000,000
(five hundred million Rand) subordinated unsecured callable floating rate
Tier 2 Notes (stock code INLV18), under Investec Limited's Domestic Medium Term Note
and Preference Share Programme dated 15 November 2017.
The INLV18 Notes will be issued to Noteholders on the date of listing being
17 December 2024 with effect from commencement of trade.
Salient features of the INLV18 Notes are listed below:
Issuer Investec Limited
Instrument subordinated unsecured callable
Tier 2 Notes, subject to, at the
discretion of the Prudential
Authority, Write Off or converted to
the most subordinated form of
equity, if a Trigger Event occurs in
relation to the Issuer
Issue Date 17 December 2024
Nominal Amount per Note R1,000,000
Aggregate Nominal Amount of Tranche R500,000,000
Interest Rate 3-month JIBAR plus the Margin
If ZAR-JIBAR-SAFEX ceases to be
the approved Reference Rate, the
replacement Reference Rate
(together with a spread (if
applicable)) determined by the
Calculation Agent in its sole
discretion taking into account
prevailing market practice and any
spread published by a
governmental authority or industry
body and notified to the Noteholders
in accordance with Condition 19
(Notices).
Interest Rate Determination Date means 17 March, 17 June, 17
September and 17 December 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 17 December 2024
Margin 1.725%
Maturity Date 17 December 2034
Issue price per Note 100%
Final Redemption Amount per Note The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, up to (but excluding) the
Maturity Date)
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 17 December 2029 and on
each Interest Payment Date
thereafter.
Early Redemption Amount The outstanding Nominal Amount
per Note plus accrued unpaid
interest (if any), up to, but excluding,
the Applicable Redemption Date
Interest Commencement Date 17 December 2024
Books Close Period The Register will be closed from
7 March to 17 March, 7 June to
17 June, 7 September to
17 September and 7 December to
17 December in each year
(including the first day but excluding
the last day in each period) until the
Applicable Redemption Date, or
10 days prior, but excluding the date
which is, 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 17 March, 17 June, 17 September
and 17 December in each year, with
the first Interest Payment Date
being 17 March 2025
Business Day Convention Following Business Day
JSE Stock Code INLV18
ISIN ZAG000211533
Aggregate Nominal Amount of Notes Outstanding ZAR14,251,000,000
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: 13 December 2024
Debt Sponsor:
Investec Bank Limited
bongani.ntuli@investec.co.za
Date: 13-12-2024 09:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
