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New Financial Instrument Listing Announcement – IBL345
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 – IBL345
Application has been made to the JSE Limited ("JSE") for the listing of ZAR500,000,000 (five
hundred million Rand) Senior Unsecured Mixed Rate Notes (stock code IBL345), under
Investec Bank Limited's Domestic Medium-Term Note and Preference Share Programme
dated 17 March 2021.
The IBL345 Notes will be issued to Noteholders on the date of listing being
29 January 2026 with effect from commencement of trade.
Salient features of the IBL345 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 29 January 2026
Aggregate Nominal Amount ZAR500,000,000 (five 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 the Optional
Redemption Date (as adjusted in
accordance with the applicable
Business Day Convention) paying
7.25% naca; 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
Maturity Date paying the Reference
Rate plus a margin of 0.92%.
Optional Redemption Date 29 January 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
29 January 2027 ((as adjusted in
accordance with the applicable
Business Day Convention) and
each Interest Payment Date
thereafter (excluding the Maturity
Date)
Maturity Date 29 January 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 29 January 2026
Books Close Dates The Register will (i) in relation to
the Fixed Rate Notes be closed on
28 January 2027 and (ii) in relation
to the Floating Rate Notes be
closed on 28 April 2027, 28 July
2027, 28 October 2027 and 28
January 2028 until the applicable
Redemption Date
Last Day to Register (i) In relation to the Fixed Rate
Notes 27 January 2027 and in
relation to the Floating Rate
Notes 27 April 2027, 27 July
2027, 27 October 2027 and
27 January 2028 or if such day
is not a Business Day, the
Business Day immediately
preceding any such date; or
(ii) the Business Day immediately
preceding the Closed Book
Dates.
Interest Payment Dates means (i) in relation to the Fixed
Rate Notes 29 January 2027 and
(ii) in relation to the Floating Rate
Notes 29 April 2027, 29 July 2027,
29 October 2027 and 29 January
2028 provided that, if any day is
not a Business Day, the Business
Day on which interest will be paid
will be determined in accordance
with the applicable Business Day
Convention.
Business Day Convention Modified Following Business Day
JSE Stock Code IBL345
ISIN ZAG000222498
Aggregate Nominal Amount of Notes Outstanding ZAR42,787,000,000
in the Series including this issuance but
excluding all other issuances on this Issue Date
The Pricing Supplement contains additional terms Condition 9.2.4 (Screen Rate
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 January 2026
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 27-01-2026 03:10:00
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