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Notification of a Credit Event
Investec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1969/004763/06)
Issuer code: BIINLP
LEI No: 549300RH5FFHO48FXT69
IVC300 ZAG000206848
IVC303 ZAG000207549
IVC304 ZAG000207713
IVC306 ZAG000207911
IVC307 ZAG000207929
IVC312 ZAG000209651
IVC335 ZAG000214644
IVC337 ZAG000214848
IVC338 ZAG000214909
IVC340 ZAG000214826
IVC342 ZAG000214974
Notification of a Credit Event in respect of the IVC300, IVC303, IVC304, IVC306, IVC307, IVC312
IVC335, IVC337, IVC338, IVC340 and IVC342 Notes
Investec Bank Limited hereby gives notice, in accordance with the terms and conditions of its
ZAR20,000,000,000 Credit-Linked Note Programme dated 17 March 2021, of the occurrence of a
credit event in respect of Altice France SA, one of the constituent Reference Entities listed under the:
(i) iTraxx Crossover Index Series 41 (Bloomberg: ITRX XOVER CDSI S41 5Y Corp), which Index
is referenced under the IVC300, IVC303, IVC304, IVC306 and IVC307 Notes (the "Index Series
41 Notes");
(ii) iTraxx Crossover Index Series 42 (Bloomberg: ITRX XOVER CDSI S42 5Y Corp), which Index
is referenced under the IVC312 Notes (the "Index Series 42 Notes"); and
(iii) iTraxx Crossover Index Series 43 (Bloomberg: ITRX XOVER CDSI S43 5Y Corp), which Index
is referenced under the IVC335, IVC337, IVC338, IVC340 and IVC342 Notes (the "Index Series
43 Notes" and together with the Index Series 41 Notes and Index Series 42 Notes collectively
referred to as the "Affected Notes").
The Affected Notes shall, pursuant to the terms as set out in the Applicable Pricing Supplement
executed in respect of each of the Affected Notes, not be early redeemed.
Interest will cease to accrue on the:
(i) IVC300, IVC303, IVC306, and IVC312 with effect from 27 June 2025; and
(ii) IVC335, IVC337, IVC338, IVC340 and IVC342 with effect from 27 May 2025.
The second Reference Entity Determination Date has occurred in relation to the IVC304 and IVC307
Notes.
Further details in relation to the Affected Notes, including the adjustment of any amounts and any
other relevant information in relation to the Affected Notes following the occurrence of the Credit Event
shall, pursuant to the terms of the Applicable Pricing Supplement executed in respect of each of the
Affected Notes, be provided by the Calculation Agent as soon as determined.
27 June 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 27-06-2025 02:25:00
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