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New Financial Instrument Listing Announcement – IVC374
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 – IVC374
Application has been made to the JSE Limited ("JSE") for the listing of R720,000,000 (seven hundred
and twenty million Rand) senior unsecured floating rate credit index linked Notes (stock code
IVC374), under Investec Bank Limited's Credit Linked Note Programme dated 17 March 2021
("Programme Memorandum").
The IVC374 Notes will be issued to Noteholders on the date of listing being with effect from
28 May 2026 at commencement of trade.
Salient features of the IVC374 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 28 May 2026
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus a Margin of
1.25% (one point two five percent) for
the period beginning on and including
the Issue Date to but excluding the
Applicable Redemption Date (adjusted
in accordance with the applicable
Business Day Convention)
Scheduled Maturity Date 28 May 2030
Optional Redemption Date (Call) N/A
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) each
Interest Payment Date; and (ii) any date
on which the Notes are early redeemed
if not an Interest Payment Date
Early Redemption Amount per Note The greater of (i) X and (ii) zero
Where
X = (a) - (b)
(a) is the applicable Calculation
Amount determined in accordance with
item 29 of the Applicable Pricing
Supplement plus unpaid interest
accrued (if any) up to but excluding the
Applicable Redemption Date; and
(b) is the Unwind Costs in relation to
the Applicable Redemption Date;
Final Redemption Amount per Note The greater of (i) the applicable
Calculation Amount Percentage as at
the Scheduled Maturity Date multiplied
by the Principal Amount plus unpaid
interest accrued (if any) up to but
excluding the Scheduled Maturity Date
and (ii) zero
Interest Commencement Date Issue Date
Last Day to Register (i) 27 February, 27 May, 27
August and 27 November of
each year, or if such day is not
a Business Day, the Business
Day before each Interest
Payment Date.
Interest Payment Dates 28 February, 28 May, 28 August and 28
November of each year 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 the Applicable Pricing
Supplement), with the first Interest
Payment Date being 25 August 2026, as
determined in accordance with the
applicable Business Day Convention.
Business Day Convention Modified Following Business Day
JSE Stock Code IVC374
ISIN ZAG000225491
Aggregate Nominal Amount of Notes Outstanding ZAR18,900,495,225.00 (eighteen
under the Programme after this issuance billion nine hundred million four
hundred and ninety-five thousand two
hundred and twenty five Rand)
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.
(a) 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
notwithstanding that Screen Rate
Determination is specified. The
manner in which the Interest Rate
shall be determined will be in
accordance with Annex C (Screen
Rate Determination for Floating
Rate Notes referencing
Compounded Daily Zaronia
(Lookback Without Observation
Shift)) of the Applicable Pricing
Supplement
(b) 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: 26 May 2026
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 26-05-2026 03:45:00
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