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New Financial Instrument Listing Announcement – IBL328
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 – IBL328
Application has been made to the JSE Limited ("JSE") for the listing of ZAR300,000,000
(three hundred million Rand) Senior Unsecured Floating Rate Notes (stock code IBL328),
under Investec Bank Limited's Domestic Medium-Term Note and Preference Share
Programme dated 17 March 2021.
The IBL328 Notes will be issued to Noteholders on the date of listing being
25 August 2025 with effect from commencement of trade.
Salient features of the IBL328 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 25 August 2025
Aggregate Nominal Amount ZAR300,000,000 (three hundred
million Rand)
Nominal Amount per Note R1,000,000 (one million Rand) as at
the Issue Date
Interest Rate The Note will be
(a) Floating 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
the Reference Rate plus a margin of
0.99%; 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
applicable Redemption Date paying
the Reference Rate plus a margin of
1.05%.
Optional Redemption Date 25 August 2029
Reference Rate ZAR-JIBAR-SAFEX with a
Designated Maturity of 3 months or,
if ZAR-JIBAR-SAFEX ceases to be
the approved Reference Rate, the
replacement Reference Rate
(together with a spread (if
applicable)) determined by the
Calculation Agent in its sole
discretion taking into account
prevailing market practice and any
spread published by a
governmental authority or industry
body and notified to the Noteholders
in accordance with Condition
19 (Notices)
Interest Determination Date the Interest Commencement Date
and every Interest Payment Date
thereafter
Maturity Date 25 August 2030 (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 25 August 2025
Books Close Dates The Register will be closed from
(i) 15 February to 25 February, 15
May to 25 May, 15 August to 25
August and from 15 November to 25
November (including the first day
but excluding the last day of each
period) in each year, until the
Maturity Date; or (including the first
day but excluding the last day of
each period) in each year, until the
Maturity Date; or
(ii) 10 days prior to, but excluding,
any Payment Day
Last Day to Register 14 February, 14 May, 14 August
and 14 November in each year or if
such day is not a Business Day, the
Business Day before each Books
Closed Period, or, if item (ii) above
is applicable, the last Business Day
immediately preceding the
commencement of the Books
Closed Period
Interest Payment Dates means 25 February, 25 May, 25
August and 25 November in each
year. 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 this
Applicable Pricing Supplement),
with the first Interest Payment Date
being 25 November 2025
Business Day Convention Following Business Day
JSE Stock Code IBL328
ISIN ZAG000218504
Aggregate Nominal Amount of Notes Outstanding ZAR37 969 600 000 (thirty seven
in the Series including this issuance but excluding billion nine hundred and sixty nine
all other issuances on this Issue Date million six hundred thousand Rand)
The Pricing Supplement does not contain 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: 25 August 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 25-08-2025 08:46:00
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