Wrap Text
Issue of INLV22 subordinated unsecured callable floating rate tier 2 notes (“INLV22 notes”)
Investec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1925/002833/06)
Issuer code: INLV
LEI No: 13800CU7SM6O4UWOZ70
ISSUE OF INLV22 SUBORDINATED UNSECURED CALLABLE FLOATING RATE TIER 2 NOTES ("INLV22 NOTES")
Application has been made to the JSE Limited ("JSE") for the listing of ZAR300,000,000
(three hundred million Rand) subordinated unsecured callable floating rate
Tier 2 Notes (stock code INLV22), under Investec Limited's Domestic Medium Term Note
and Preference Share Programme dated 15 November 2017.
The INLV22 Notes will be issued to Noteholders on the date of listing being
30 March 2026 with effect from commencement of trade.
Salient features of the INLV22 Notes are listed below:
Issuer Investec Limited
Instrument subordinated unsecured callable
Tier 2 Notes, subject to Write Off if
a Trigger Event occurs in relation
to the Issuer
Issue Date 30 March 2026
Nominal Amount per Note R1,000,000
Aggregate Nominal Amount of Tranche R300,000,000
Interest Rate The Reference Rate plus the
Margin
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 and notified to the
Noteholders in accordance with
Condition 19 (Notices).
Margin 1.42%
Interest Rate Determination Date the 5th (fifth) Johannesburg
Business Day (as defined in
Schedule 1 of the Applicable
Pricing Supplement (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 30 March 2036
Issue price per Note 100%
Final Redemption Amount per Note The aggregate outstanding
Nominal Amount (plus accrued
interest, if any, to 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 30 March 2031 and on
each Interest Payment Date
thereafter.
Early Redemption Amount The outstanding Nominal Amount
per Note plus accrued unpaid
interest (if any)
Interest Commencement Date 30 March 2026
Books Close Day(s) The Register will be closed on 29
March, 29 June, 29 September and
29 December in each year until the
Applicable Redemption Date, or
one day prior to any Payment Day
Last Day to Register 28 March, 28 June, 28 September
and 28 December or the last day
immediately preceding the
commencement of the Books
Close Period
Interest Payment Dates 30 March, 30 June, 30 September
and 30 December in each calendar
year, with the first Interest Payment
Date being 30 June 2026
Business Day Convention Modified Following Business Day
JSE Stock Code INLV22
ISIN ZAG000223629
Aggregate Nominal Amount of Notes Outstanding ZAR14,327,000,000 excluding this
and aggregate Calculation Amount of Programme Tranche of Notes but including all
Preference Shares as at the Issue Date other Notes and Programme
Preference Shares issued on the
Issue Date.
The Applicable Pricing Supplement has additional Condition 9.2.4 (Screen Rate
terms 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: 27 March 2026
Debt Sponsor:
Investec Bank Limited
bongani.ntuli@investec.co.za
Date: 27-03-2026 03:24:00
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 
