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New Financial Instrument Listing Announcement – IVC368
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 – IVC368
Application has been made to the JSE Limited ("JSE") for the listing of R150,000,000 (one hundred
and fifty million Rand) senior unsecured floating rate Notes (stock code IVC368), under Investec
Bank Limited's Credit Linked Note Programme dated 17 March 2021 ("Programme
Memorandum").
The IVC368 Notes will be issued to Noteholders on the date of listing being with effect from
29 January 2026 commencement of trade.
Salient features of the IVC368 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R1,000,000 per Note on the Issue Date
Instrument Senior unsecured floating rate Notes
Issue Date 29 January 2026
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus a Margin of
1.21% for the period from and
including the Issue Date to but
excluding the Optional Redemption
Date (Call)
The Reference Rate plus a Margin of
1.36% from and including the Optional
Redemption Date (Call) to but
excluding the Scheduled Maturity Date
Scheduled Maturity Date 29 January 2028
Optional Redemption Date (Call) 29 October 2026
Issue price per Note 100%
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 Rate 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) the Issue
Date; and (ii) each Interest Payment
Date
Early Redemption Amount per Note The aggregate outstanding Principal
Amount (plus accrued interest, if any,
up to, but excluding, the Applicable
Redemption Date)
Final Redemption Amount per Note The aggregate outstanding Principal
Amount plus interest accrued (if any)
to the Scheduled Maturity Date
Interest Commencement Date Issue Date
Books Close Dates The Register will be closed on
28 January, 28 April, 28 July and
28 October (inclusive of the first date
and exclusive of the last day) in each
year until the Applicable Redemption
Date; or the day immediately preceding
any Interest Payment Date
Last Day to Register (i) 27 January, 27 April, 27 July
and 27 October in each year, or
if such day is not a Business
Day, the Business Day before
each Books Closed Period; or
(ii) the Business Day immediately
preceding the Books Closed
Date
Interest Payment Dates 29 January, 29 April, 29 July and 29
October of each year or, 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 the Applicable Pricing Supplement),
with the first Interest Payment Date
being 29 April 2026
Business Day Convention Modified Following Business Day
JSE Stock Code IVC368
ISIN ZAG000222530
Aggregate Nominal Amount of Notes Outstanding ZAR18,365,495,226
under the Programme after this issuance
The Pricing Supplement contains additional terms and conditions or changes to the terms and
conditions as contained in the Programme Memorandum.
Paragraph 6 (Interest Rate Determination, Screen Rate Determination., ISDA Determination
including fallback definitions) of Condition 6.2 (Interest on Floating Rate Notes) shall not apply
to the Notes 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 Benchmark 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.
Date: 27 January 2026
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 27-01-2026 04:59:00
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