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New Financial Instrument Listing Announcement – IBL342
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 – IBL342
Application has been made to the JSE Limited ("JSE") for the listing of ZAR430,000,000
(four hundred and thirty million Rand) Senior Unsecured Mixed Rate Notes (stock code
IBL342), under Investec Bank Limited's Domestic Medium-Term Note and Preference Share
Programme dated 17 March 2021.
The IBL342 Notes will be issued to Noteholders on the date of listing being
21 November 2025 with effect from commencement of trade.
Salient features of the IBL342 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 21 November 2025
Aggregate Nominal Amount ZAR430,000,000 (four hundred and
thirty million Rand)
Nominal Amount per Note R1,000,000 (one million Rand) as at
the Issue Date
Interest Rate The Note will be
(a) Fixed Rate Notes for the period
from and including the Issue
Date to but excluding the
Optional Redemption Date (as
adjusted in accordance with the
applicable Business Day
Convention) paying 7.48% naca;
and
(b) Floating Rate Notes for the
period from and including the
Optional Redemption Date (as
adjusted in accordance with the
applicable Business Day
Convention) to but excluding the
Maturity Date paying the
Reference Rate plus a margin of
0.93%.
Optional Redemption Date 21 November 2026
Reference Rate Compounded Daily ZARONIA
(Lookback without Observation
Shift), as defined in, and determined
in accordance with the provisions of
Schedule 1 (Screen Rate
Determination for Floating Rate
Notes Referencing Compounded
Daily ZARONIA (Lookback without
Observation Shift) of the Applicable
Pricing Supplement
Interest Determination Date the 5th (fifth) Johannesburg
Business Day (as defined in
Schedule 1 (Screen Rate
Determination for Floating Rate
Notes Referencing Compounded
Daily ZARONIA (Lookback without
Observation Shift) prior to (i) the
Issue Date; and (ii) each Interest
Payment Date
Maturity Date 21 November 2027 (as adjusted in
accordance with the applicable
Business Day Convention)
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, up
to, but excluding, the Maturity Date)
Early Redemption Amount The aggregate outstanding Nominal
Amount (plus accrued interest, if
any, up to, but excluding, the
applicable Redemption Date)
Interest Commencement Date 21 November 2025
Books Close Dates The Register will (i) in relation to the
Fixed Rate Notes be closed on
20 November 2026 and (ii) in
relation to the Floating Rate Notes
be closed on 20 February 2027,
20 May 2027, 20 August 2027 and
20 November 2027 until the
applicable Redemption Date
Last Day to Register (i) In relation to the Fixed Rate
Notes 19 19 November 2026
and in relation to the Floating
Rate Notes 19 February 2027,
19 May 2027, 19 August 2027
and 19 November 2027 or if
such day is not a Business Day,
the Business Day immediately
preceding any such date; or
(ii) the Business Day immediately
preceding any Payment Date.
Interest Payment Dates means (i) in relation to the Fixed
Rate Notes 21 November 2026 and
(ii) in relation to the Floating Rate
Notes 21 February 2027, 21 May
2027, 21 August 2027 and
21 November 2027 provided that, if
any day is not a Business Day, the
Business Day on which interest will
be paid will be determined in
accordance with the applicable
Business Day Convention.
Business Day Convention Modified Following Business Day
JSE Stock Code IBL342
ISIN ZAG000221169
Aggregate Nominal Amount of Notes Outstanding ZAR42,992,000,000
in the Series including this issuance but
excluding all other issuances on this Issue Date
The Pricing Supplement contains additional terms Condition 9.2.4 (Screen Rate
and conditions or changes to the terms and Determination including fallback
conditions as contained in the Programme definitions) shall not apply and the
Memorandum Interest Rate shall be determined in
accordance with Schedule 1.
Schedule 1 was inserted to provide
definitions and terms and conditions
relating to ZARONIA.
A new Condition 9.8 Bench Mark
Discontinuation was inserted as
Schedule 2.
Schedule 3 was inserted to highlight
additional risk factors relating to
ZARONIA.
Investors should study the Applicable Pricing Supplement for full details of the terms and
conditions applicable to these Notes which can be viewed or downloaded on the Issuer's
website: www.investec.com.
Date: 20 November 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 20-11-2025 02:10:00
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