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New Financial Instrument Listing Announcement – IVC359
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 – IVC359
Application has been made to the JSE Limited ("JSE") for the listing of R250,000,000 (two hundred
and fifty million Rand) senior unsecured floating rate credit linked Notes (stock code IVC359), under
Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021.
The IVC359 Notes will be issued to Noteholders on the date of listing being with effect from
25 September 2025 commencement of trade.
Salient features of the IVC359 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 25 September 2025
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus the Margin
Reference Rate ZAR-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 34 (Notices)
Margin 1.775% (one point seven seven five
percent) for the period beginning on
and including the Issue Date to but
excluding the Scheduled Maturity Date
(adjusted in accordance with the
applicable Business Day Convention)
Issue price per Note 100%
Scheduled Maturity Date 10 May 2030
Final Redemption Amount per Note The aggregate outstanding Principal
Amount plus interest accrued (if any) to
but excluding the date fixed for
Redemption
Optional Redemption Dates (Call) 10 May 2026, 10 May 2027,
10 May 2028 and 10 May 2029
Optional Redemption Amount (Call) At the outstanding Principal Amount per
Note plus accrued unpaid interest (if
any) to but excluding the Optional
Redemption Date (Call)
Interest Commencement Date Issue Date
Books Closed Period The Register will be closed from:
(i) 31 January to 10 February,
30 April to 10 May, 31 July to
10 August and 31 October to
10 November of each year
(including the first day but
excluding the last day) until the
Applicable Redemption Date; or
(ii) 10 (ten) days prior to and
excluding any Payment Day
Last Day to Register 30 January, 29 April, 30 July and
30 October of 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 means 10 February, 10 May, 10 August
and 10 November of each year 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 the
Applicable Pricing Supplement) with the
first Interest Payment Date being
10 November 2025
Business Day Convention Following Business Day
JSE Stock Code IVC359
ISIN ZAG000219353
Aggregate Nominal Amount of Notes Outstanding ZAR17,375,495,226
under the Programme after this issuance
The Pricing Supplement contains additional terms and The following terms in the Applicable
conditions or changes to the Terms and Conditions as Pricing Supplement differ from the
contained in the Programme Memorandum Terms and Conditions in the
Programme Memorandum:
Condition 8.7 of the Programme
Memorandum is replaced to provide for
Physical Settlement on a best efforts
basis and with a cash settlement as the
applicable fall back method.
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 08:15:00
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