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New Financial Instrument Listing Announcement – IVC363
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 – IVC363
Application has been made to the JSE Limited ("JSE") for the listing of R190,000,000 (one hundred
and ninety million Rand) senior unsecured fixed rate credit index linked Notes (stock code IVC363),
under Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021 ("Programme
Memorandum").
The IVC363 Notes will be issued to Noteholders on the date of listing being with effect from
04 November 2025 commencement of trade.
Salient features of the IVC363 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R1,000,000 per Note on the Issue Date
Instrument Senior unsecured credit index linked
Notes – (iTraxx Xover – Series 44)
Issue Date 04 November 2025
Nominal Amount per Note R1,000,000
Interest Rate 9% nominal annual compounded
quarterly in arrears ("nacq"), payable
quarterly in arrear
Scheduled Maturity Date 20 January 2031
Optional Redemption Date (Call) N/A
Issue price per Note 100%
Final Redemption Amount per Note The greater of (x) the applicable
Calculation Amount Percentage as at
that date multiplied by the Principal
Amount plus unpaid interest accrued (if
any) up to but excluding the Scheduled
Maturity Date and (y) zero
Interest Commencement Date Issue Date
Books Close Period The Register will be closed from
(i) 10 March to 20 March, 10 June
to 20 June and 10 September to
20 September and 10 December
to 20 December (inclusive of
the first date and exclusive of
the last) in each year. In respect
of the Scheduled Maturity Date
the Books Close Period will be
10 January 2031 to 20 January
2031 (inclusive of the first date
and exclusive of the last); or
(ii) 10 (ten) days prior to (but
excluding) any Payment Date
Last Day to Register (i) 9 March, 9 June,
9 September and
9 December in each year,
or if such day is not a
Business Day, the Business
Day before each Books
Closed Period; and
(ii) in respect of the Scheduled
Maturity Date, 9 January
2031 or if any such day is
not a Business Day, the
Business Day before each
Books Closed Period, or
(iii) the last Business Day
immediately preceding the
commencement of the
Books Closed Period
Interest Payment Dates 20 June, 20 September, 20 December
and 20 March of each year and the
Scheduled Maturity Date or, if any 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 20 December 2025
Business Day Convention Modified Following Business Day
JSE Stock Code IVC363
ISIN ZAG000220724
Aggregate Nominal Amount of Notes Outstanding ZAR17,865,495,226 (seventeen billion
under the Programme after this issuance eight hundred sixty-five million four
hundred ninety-five thousand two
hundred and twenty-six)
The Pricing Supplement contains any additional The following terms in the Applicable
terms and conditions or changes to the terms and Pricing Supplement differ from the
conditions as contained in the Programme terms in the Programme Memorandum:
Memorandum.
(1) the calculation of:
(a) the Early Redemption Amount
when a Tax Event, illegality, an
Event of Default or a Hedging
Disruption occurs;
(b) the Calculation Amount for
purposes of calculating the
interest payable on the Notes;
(c) the Cash Settlement Amount
per Note in the event of a Credit
Event occurring in respect of
one or more Reference Entities;
(d) the accrual of interest in the
event that a Credit Event occurs
in respect of one or more
Reference Entities;
(e) the provisions related to the
settlement method applicable in
the event of a Credit Event
occurring in respect of one or
more Reference Entities;
(f) the insertion of a new definition
for Attachment Point,
Detachment Point, Unwind
Costs and Relevant CDS.
Investors should study the Applicable Pricing Supplement for full details of the terms and
conditions applicable to these Notes.
Date: 3 November 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 03-11-2025 01:45:00
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