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New Financial Instrument Listing Announcement – IVC376
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 – IVC376
Application has been made to the JSE Limited ("JSE") for the listing of R100,000,000 (one hundred
million Rand) senior unsecured floating rate credit index linked Notes (stock code IVC376), under
Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021 ("Programme
Memorandum").
The IVC376 Notes will be issued to Noteholders on the date of listing being with effect from
3 July 2026 at commencement of trade.
Salient features of the IVC376 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R1,000,000 per Note on the Issue Date
Instrument Senior unsecured credit index linked
Notes – (iTraxx Xover – Series 45)
Issue Date 3 July 2026
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus a Margin of
3.20% (three point two zero percent) for
each period commencing on (and
including) an Interest Payment Date
and ending on (but excluding) the
following Interest Payment Date;
provided that the first Interest Period
will commence on (and include) the
Issue Date and end on (but exclude) the
Interest Payment Date of 20 October
2026, until (but excluding) the
applicable Redemption Date (each
Interest Payment Date adjusted in
accordance with the applicable
Business Day Convention)
Scheduled Maturity Date 20 July 2031
Optional Redemption Date (Call) N/A
Issue price per Note 100%
Reference Rate Compounded Daily ZARONIA
(Lookback without Observation Shift),
as defined in, and determined in
accordance with the provisions of
Annex C (Screen Rate Determination
for Floating Rate Notes Referencing
Compounded Daily ZARONIA
(Lookback without Observation Shift))
of the Applicable Pricing Supplement
Interest Rate Determination Date The 5th (fifth) Johannesburg Business
Day (as defined in Annex C (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
Early Redemption Amount "Early Redemption Amount"
means the greater of (i) X and (ii) zero,
where:
X = (a) – (b)
(a) is the applicable Calculation Amount
plus unpaid interest accrued (if any) up
to but excluding the applicable
Redemption Date; and
(b) is the Unwind Costs in relation to the
applicable Redemption Date.
Final Redemption Amount The applicable Calculation Amount
Percentage, as at that date, multiplied
by the Principal Amount plus unpaid
interest accrued (if any) up to (but
excluding) the Scheduled Maturity Date
Interest Commencement Date 3 July 2026
Books Closed Periods Not applicable
Last Day to Register The Last Day to Register will be:
(i) 18 April, 18 July, 18 October
and 18 January in each year,
except that there will not be a
Last Day to Register on 18 July
2026. If any such day is not a
Business Day, the Business
Day before each Interest
Payment Date.
Interest Payment Dates 20 April, 20 July, 20 October and
20 January of each year until the
applicable Redemption Date, provided
that 20 July 2026 will not be an Interest
Payment Date and the first Interest
Payment Date will be 20 October 2026
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 Modified Following Business Day
JSE Stock Code IVC376
ISIN ZAG000226333
Aggregate Nominal Amount of Notes Outstanding ZAR18,750,495,226
under the Programme after this issuance
The Pricing Supplement contains any additional The following terms in the Applicable
terms and conditions or changes to the terms and Pricing Supplement differ from the
conditions as contained in the Programme terms in the Programme Memorandum:
Memorandum.
(1) the calculation of:
(a) the Early Redemption Amount
when a Tax Event, illegality, an
Event of Default or a Hedging
Disruption occurs;
(b) the Calculation Amount for
purposes of calculating the
interest payable on the Notes;
(c) the Cash Settlement Amount
per Note in the event of a Credit
Event occurring in respect of
one or more Reference Entities;
and
(d) the accrual of interest in the
event that a Credit Event occurs
in respect of one or more
Reference Entities;
(2) the provision related to the interest
recovery on retrospective Credit
Event Determination Date;
(3) the provisions related to the
settlement method applicable in
the event of a Credit Event
occurring in respect of one or more
Reference Entities; and
(4) the insertion of a new definition for
Attachment Point, Detachment
Point, Unwind Costs and Relevant
CDS.
Investors should study the Applicable Pricing Supplement for full details of the terms and
conditions applicable to these Notes.
Date: 2 July 2026
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 02-07-2026 09:45:00
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