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New Financial Instrument Listing Announcement – IVC369
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 – IVC369
Application has been made to the JSE Limited ("JSE") for the listing of R35,000,000 (thirty-five
million Rand) senior unsecured floating rate credit index linked Notes (stock code IVC369), under
Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021 ("Programme
Memorandum").
The IVC369 Notes will be issued to Noteholders on the date of listing being with effect from
06 February 2026 at commencement of trade.
Salient features of the IVC369 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 44)
Issue Date 06 February 2026
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus a Margin of
3.31% (three point three one percent)
for the period beginning on and
including the Issue Date to but
excluding the applicable Redemption
Date (adjusted in accordance with the
applicable Business Day Convention)
Scheduled Maturity Date 20 January 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
Schedule 1 (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 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
Early Redemption Amount per Note The aggregate outstanding Principal
Amount (plus accrued interest, if any,
up to, but excluding, the Applicable
Redemption Date)
Final Redemption Amount per Note The greater of (x) 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 and (y) zero
Interest Commencement Date Issue Date
Books Close Dates The Register will be closed on:
(i) 19 March, 19 June 19
September 19 December each year and
in respect of the Scheduled Maturity
date, 19 January 2031 but excluding 19
December 2030; or
(ii) 1 day prior to, but excluding,
any Payment Date
Last Day to Register (i) 18 March, 18 June, 18
September and 18 December in
each year, or if such day is not
a Business Day, the Business
Day before each Books Closed
Period, but there will not be a
Last Day to Register on 18
December 2030; and
(ii) in respect of the Scheduled
Maturity Date, 18 January 2031
or if any such day is not a
Business Day, the Business
Day before each Books Closed
Period, or
(iii) the last Business Day
immediately preceding the
commencement of the Books
Closed Period
Interest Payment Dates 20 June, 20 September, 20 December
and 20 March of each year until the
Applicable Redemption Date provided
that 20 December 2030 will not be an
Interest Payment Date and the
Scheduled Maturity Date will be the
last Interest Payment Date 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 20 March 2026
Business Day Convention Modified Following Business Day
JSE Stock Code IVC369
ISIN ZAG000222712
Aggregate Nominal Amount of Notes Outstanding ZAR18,095,495,226 (Eighteen billion
under the Programme after this issuance ninety-five million four hundred and
ninety-five thousand two hundred and
twenty-six Rand)
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;
(d) the accrual of interest in the
event that a Credit Event occurs
in respect of one or more
Reference Entities;
(e) the provisions related to the
settlement method applicable in
the event of a Credit Event
occurring in respect of one or
more Reference Entities;
(f) 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: 4 February 2026
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 04-02-2026 01:30:00
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