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New Financial Instrument Listing Announcement – IBL331
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 – IBL331
Application has been made to the JSE Limited ("JSE") for the listing of ZAR500,000,000 Senior
Unsecured Callable Mixed Rate Notes (stock code IBL331), under Investec Bank Limited's Domestic
Medium-Term Note and Preference Share Programme dated 17 March 2021.
The IBL331 Notes will be issued to Noteholders on the date of listing being
5 September 2025 with effect from commencement of trade.
Salient features of the IBL331 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Callable Mixed Rate
Notes
Issue Date 5 September 2025
Aggregate Nominal Amount ZAR500,000,000
Nominal Amount per Note R1,000,000 as at the Issue Date
Interest Rate The Note will be:
(a) Fixed Rate Notes for the period from
and including the Issue Date to but
excluding the Interest Payment Date of
5 September 2026 (as adjusted in
accordance with the applicable
Business Day Convention) paying
7.65% naca; and
(b) Floating Rate Notes for the period
from and including the Interest Payment
Date of 5 September 2026 (as adjusted
in accordance with the applicable
Business Day Convention) to but
excluding the Maturity Date paying
Reference Rate plus a margin of
0.80%.
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 and any spread published by a
governmental authority or industry body
and notified to the Noteholders in
accordance with Condition
19 (Notices)
Interest Determination Date in relation the Floating Rate Notes,
5 September 2026 (as adjusted in
accordance with the applicable
Business Day Convention) and every
Interest Payment Date thereafter up to
but excluding the Maturity Date
Maturity Date 5 September 2027 (as adjusted in
accordance with the applicable
Business Day Convention)
Optional Redemption Date (Issuer call) 5 September 2026 (as adjusted in
accordance with the applicable
Business Day Convention)
Issue price per Note 100%
Final Redemption Amount per Note The Nominal Amount per Note (plus
accrued unpaid interest, if any, up to,
but excluding, the Maturity Date)
Early Redemption Amount The aggregate outstanding Nominal
Amount plus accrued interest, if any, up
to (but excluding) the applicable Early
Redemption Date, less Unwind Costs (if
any)
Interest Commencement Date 5 September 2025
Books Close Dates The Register will be closed from
in relation to the Fixed Rate Notes from
26 August 2026 to 5 September 2026
and in relation to the Floating Rate
Notes from 25 November 2026 to
5 December 2026, 23 February 2027 to
5 March 2027, 26 May 2027 to 5 June
2027 and 26 August 2027 to 5
September 2027 (including the first day
but excluding the last day in each such
period), until the Applicable
Redemption Date, or
(ii) 10 days prior to, but excluding, any
Payment Day
Last Day to Register 25 August 2026 for the Fixed Rate
Notes and 24 November 2026,
22 February 2027, 25 May 2027 and
25 August 2027 for the Floating Rate
Notes, or if any such day is not a
Business Day, the Business Day before
each Books Closed Period, or, if item
33(ii) above is applicable, the last
Business Day immediately preceding
the commencement of the Books
Closed Period
Interest Payment Dates means in relation to the Fixed Rate
Notes as specified in item 43(ii)(a)
below, 5 September 2026 and
thereafter in relation to the Floating
Rate Notes as specified in item 43(ii)(b)
below, 5 December 2026, 5 March
2027, 5 June 2027 and 5 September
2027 provided that, if any such day is
not a Business Day, the Business Day
on which interest will be paid, will be as
determined in accordance with the
applicable Business Day Convention
Business Day Convention Following Business Day
JSE Stock Code IBL331
ISIN ZAG000218876
Aggregate Nominal Amount of Notes Outstanding in the ZAR39,369,600,000
Series including this issuance but excluding all other
issuances on this Issue Date
The Pricing Supplement does not contain any additional
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
Date: 4 September 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 04-09-2025 11:47:00
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