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New Financial Instrument Listing Announcement – IVC361
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 – IVC361
Application has been made to the JSE Limited ("JSE") for the listing of R350,000,000 (three
hundred and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code
IVC361), under Investec Bank Limited's Credit Linked Note Programme dated
17 March 2021.
The IVC361 Notes will be issued to Noteholders on the date of listing being with effect from
03 November 2025 commencement of trade.
Salient features of the IVC361 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R1,000,000 per Note on the Issue Date
Instrument Senior unsecured credit linked Notes
Issue Date 03 November 2025
Nominal Amount per Note R1,000,000
Interest Rate ZAR-JIBAR-SAFEX with a Designated
Maturity of 3 months Plus the Margin
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 1.20% nominal annual compounded quarterly
in arrear from the date beginning on and
including the Issue Date up to but excluding
the Optional Redemption Date (Call)
1.30% nominal annual compounded quarterly
in arrear from the date beginning on and
including the Optional Redemption Date (Call)
up to but excluding the Scheduled
Redemption Date
Scheduled Maturity Date 03 November 2027
Optional Redemption Date (Call) 03 November 2026
Issue price per Note 100%
Final Redemption Amount per Note The outstanding Principal Amount per Note
(plus accrued unpaid interest, if any, to the
Scheduled Maturity Date)
Interest Commencement Date Issue Date
Books Close Period from 24 October to 03 November,
24 January to 03 February, 23 April to 03 May,
24 July to 03 August (including the first day but
excluding the last day) in each year until the
Applicable Redemption Date, or
10 days prior to any Payment Day
Last Day to Register 23 October, 23 January, 22 April and 23 July
in each year, or if such day is not a Business
Day, the Business Day before each Books
Closed Period, or the last Business Day
immediately preceding the commencement of
the Books Closed Period
Interest Payment Dates 03 November, 03 February, 03 May and 03
August until the Applicable Redemption Date
or, if such day is not a Business Day, the
Business Day on which interest will be paid,
as determined in accordance with the
applicable Business Day Convention (as
specified in this Applicable Pricing
Supplement) with the first Interest Payment
Date being 03 February 2026
Business Day Convention Following Business Day
JSE Stock Code IVC361
ISIN ZAG000220583
Aggregate Nominal Amount of Notes ZAR17,225,495,226
Outstanding under the Programme
after this issuance
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.
31 October 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 31-10-2025 01:02:00
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