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New financial instrument listing announcement - INLV24 notes
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 - INLV24 NOTES
Application has been made to the JSE Limited (“JSE”) for the listing of ZAR1,030,000,000
(one billion and thirty million Rand) subordinated unsecured callable floating rate Additional
Tier 1 Notes (stock code INLV24), under Investec Limited’s Domestic Medium Term Note
and Preference Share Programme dated 5 May 2026.
The INLV24 Notes will be issued to Noteholders on the date of listing being
22 September 2026 with effect from commencement of trade.
Salient features of the INLV24 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 22 September 2026
Nominal Amount per Note R1,000,000
Aggregate Nominal Amount of Tranche R1,030,000,000
Interest Rate The Reference Rate plus the
Margin
Reference Rate Compounded Daily ZARONIA
Margin 2%
Interest Rate Determination Date the 5th (fifth) Johannesburg
Business Day prior to each Interest
Payment Date
Maturity Date Subject to the section titled
“Provisions regarding
Redemption/Maturity” in the
Applicable Pricing Supplement, this
Tranche of Additional Tier 1 Notes
shall only be redeemed, at the
aggregate outstanding Nominal
Amount of this Tranche plus
accrued 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
Conditions 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 Yes, subject to the applicable
Regulatory Capital Requirements
and Condition 10.8 (Conditions to
redemption, purchase,
cancellation, modification,
substitution or variation of
Subordinated Capital Notes)
Optional Redemption Date(s) 22 September 2032 or on any
Interest Payment Date thereafter,
subject to the applicable
Regulatory Capital Requirements
Early Redemption Amount The outstanding Nominal Amount
per Note plus accrued unpaid
interest (if any)
Interest Commencement Date 22 September 2026
Books Close Day(s) Not applicable
Last Day to Register 21 September, 21 December, 21
March and 21 June in each year or
the day before any payment date
and if such day is not a Business
Day, the Business Day immediately
preceding that applicable payment
date
Interest Payment Dates 22 September, 22 December,
22 March and 22 June in each
calendar year during the period
and ending on the Maturity Date,
or, if such day is not a 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
(Notes)). The first Interest
Payment Date is on 22 December
2026.
Business Day Convention Modified Following Business Day
JSE Stock Code INLV24
ISIN ZAG000228370
Aggregate Nominal Amount of Notes Outstanding ZAR17,346,000,000.00 excluding
and aggregate Calculation Amount of Programme this Tranche of Notes but including
Preference Shares as at the Issue Date all other Notes and Programme
Preference Shares issued on the
Issue Date.
The Applicable Pricing Supplement has additional Not applicable
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 which can be
viewed or downloaded on the Issuer's website:
www.investec.com.
Date: 21 September 2026
Debt Sponsor:
Investec Bank Limited
bongani.ntuli@investec.co.za
Date: 21/09/2026 02:21:00
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