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New Financial Instrument Listing Announcement – IBL349
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 – IBL349
Application has been made to the JSE Limited ("JSE") for the listing of ZAR200,000,000 (two hundred
million Rand) Senior Unsecured Mixed Rate Notes (stock code IBL349), under Investec Bank
Limited's Domestic Medium-Term Note and Preference Share Programme dated
17 March 2021.
The IBL349 Notes will be issued to Noteholders on the date of listing being
24 February 2026 with effect from commencement of trade.
Salient features of the IBL349 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 24 February 2026
Aggregate Nominal Amount ZAR200,000,000 (two 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) Fixed Rate Notes for the period from
and including the Issue Date to but
excluding 24 February 2027 Date
(as adjusted in accordance with the
applicable Business Day
Convention) paying 7.18% naca;
and
(b) Floating Rate Notes for the period
from and including 24 February
2027 (as adjusted in accordance
with the applicable Business Day
Convention) to but excluding the
Maturity Date paying the Reference
Rate plus a margin of 0.90%.
Optional Redemption Date 24 February 2027
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 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) 24 February 2027 ((as adjusted in
accordance with the applicable
Business Day Convention) and (ii) each
Interest Payment Date thereafter
(excluding the Maturity Date)
Maturity Date 24 February 2028 (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 24 February 2026
Books Close Dates The Register will be closed (i) in relation
to the Fixed Rate Notes, on 23 February
2027 and in relation to the Floating Rate
Notes, on 23 May 2027, 23 August
2027, 23 November 2027 and 23
February 2028, or
(ii) the Business Day preceding any
Payment Day.
Last Day to Register (i) 22 February 2027 for the Fixed Rate
Notes and 22 May 2027, 22 August
2027, 22 November 2027 and
22 February 2028 for the Floating
Rate Notes, or if any such day is not
a Business Day, the Business Day
before each Books Closed Period;
or
(ii) the Business Day immediately
preceding the Closed Book Dates.
Interest Payment Dates means in relation to the Fixed Rate
Notes as specified in item 43(ii)(a)
below, 24 February 2027 and thereafter
in relation to the Floating Rate Notes as
specified in item 43(ii)(b) below, 24 May
2027, 24 August 2027, 24 November
2027 and 24 February 2028 provided
that, 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
Business Day Convention Modified Following Business Day
JSE Stock Code IBL349
ISIN ZAG000223116
Aggregate Nominal Amount of Notes Outstanding in the ZAR41,352,000,000
Series including this issuance but excluding all other
issuances on this Issue Date
The Pricing Supplement contains additional terms and Condition 9.2.4 (Screen Rate
conditions or changes to the terms and conditions as Determination including fallback
contained in the Programme Memorandum definitions) shall not apply and the
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: 23 February 2026
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 23-02-2026 02:05:00
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