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New Financial Instrument Listing Announcement - INLV19
Investec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1925/002833/06)
Issuer code: INLV
LEI No: 13800CU7SM6O4UWOZ70
New Financial Instrument Listing Announcement
ISSUE OF INLV19 SUBORDINATED UNSECURED CALLABLE FLOATING RATE
ADDITIONAL TIER 1 NOTES ("INLV19 NOTES")
Application has been made to the JSE Limited ("JSE") for the listing of ZAR1,200,000,000
(one billion two hundred million Rand) subordinated unsecured callable floating rate
Additional Tier 1 Notes (stock code INLV19), under Investec Limited's Domestic Medium
Term Note and Preference Share Programme dated 15 November 2017.
The INLV19 Notes will be issued to Noteholders on the date of listing being
25 September 2025 with effect from commencement of trade.
Salient features of the INLV19 Notes are listed below:
Issuer Investec Limited
Instrument subordinated unsecured callable
Additional Tier 1 Notes, subject to
Write Off if a Trigger Event occurs in
relation to the Issuer
Issue Date 25 September 2025
Nominal Amount per Note R1,000,000
Aggregate Nominal Amount of Tranche R1,200,000,000
Interest Rate The Reference Rate plus the Margin
Reference Rate AR-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 or any
spread published by a
governmental authority or industry
body) determined by the Calculation
Agent and notified to the
Noteholders in accordance with
Condition 19 (Notices).
Margin 2.49%
Interest Rate Determination Date means 25 March, 25 June,
25 September and 25 December in
each year as determined in
accordance with the applicable
Business Day Convention (as
specified in the Applicable Pricing
Supplement), provided that the first
Interest Determination Date shall be
on 25 September 2025
Maturity Date Subject to the section titled
"Provisions regarding
Redemption/Maturity" below, this
Tranche of Additional Tier 1 Notes
shall only be redeemed, at the
aggregate outstanding Nominal
Amount of this Tranche plus
accrued unpaid interest (if any), on
a winding-up (other than pursuant to
a Solvent Reconstruction) or
liquidation of the Issuer, subject to
Condition 6.4 (Status of Additional
Tier 1 Notes) (and specifically
Condition 6.4.3 (Subordination))
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 25 December 2030 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 25 September 2025
Books Close Period The Register will be closed from
15 March to 25 March, 15 June to
25 June, 15 September to
25 September and 15 December to
25 December in each year
(including the first day but excluding
the last day of each period) until the
Applicable Redemption Date, or 10
days prior to (but excluding) any
Payment Day
Last Day to Register Close of business on the Business
Day immediately preceding the first
day of a Books Close Period
Interest Payment Dates 25 March, 25 June, 25 September
and 25 December in each year, with
the first Interest Payment Date
being 25 December 2025
Business Day Convention Following Business Day
JSE Stock Code INLV19
ISIN ZAG000219114
Aggregate Nominal Amount of Notes Outstanding ZAR14,251,000,000
and aggregate Calculation Amount of Programme
Preference Shares as at the Issue Date
The Applicable Pricing Supplement does Not applicable
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: 23 September 2025
Debt Sponsor:
Investec Bank Limited
bongani.ntuli@investec.co.za
Date: 23-09-2025 12:30:00
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