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New Financial Instrument Listing Announcement – IVC365
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 – IVC365
Application has been made to the JSE Limited ("JSE") for the listing of R500,000,000 (five hundred
million Rand) senior unsecured fixed rate Notes (stock code IVC365), under Investec Bank Limited's
Credit Linked Note Programme dated 17 March 2021 ("Programme Memorandum").
The IVC365 Notes will be issued to Noteholders on the date of listing being with effect from
19 December 2025 commencement of trade.
Salient features of the IVC365 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R1,000,000 per Note on the Issue Date
Instrument Senior unsecured fixed rate Notes
Issue Date 19 December 2025
Nominal Amount per Note R1,000,000
Interest Rate 8.73% nominal annual compounded
and payable semi-annually in arrears
("nacs")
Scheduled Maturity Date 28 February 2035
Optional Redemption Date (Call) N/A
Issue price per Note 100%
Final Redemption Amount per Note The aggregate outstanding Principal
Amount plus interest accrued (if any) to
the Scheduled Maturity Date
Interest Commencement Date Issue Date
Books Close Period The Register will be closed from
(i) 18 February to 28 February and
21 August to 31 August
(inclusive of the first date and
exclusive of the last day) in
each year until the Applicable
Redemption Date; or
(ii) 10 (ten) days prior to (but
excluding) any Payment Date
Last Day to Register (i) 17 February and 20 August in
each year, or if such day is not a
Business Day, the Business Day
before each Books Closed
Period; or
(ii) the last Business Day
immediately preceding the
commencement of the Books
Closed Period
Interest Payment Dates 28 February and 31 August of each year
or, if any such day is not a Business
Day, the Business Day on which
interest will be paid, will be as
determined in accordance with the
applicable Business Day Convention
(as specified in the Applicable Pricing
Supplement), with the first Interest
Payment Date being 28 February 2026
Business Day Convention Following Business Day
JSE Stock Code IVC365
ISIN ZAG000221961
Aggregate Nominal Amount of Notes Outstanding ZAR18,065,495,226
under the Programme after this issuance
The Pricing Supplement contains 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: 18 December 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 18-12-2025 01:15:00
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