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New Financial Instrument Listing Announcement – IVC366
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 – IVC366
Application has been made to the JSE Limited ("JSE") for the listing of R300,000,000 (three hundred
million Rand) senior unsecured floating rate Notes (stock code IVC366), under Investec Bank
Limited's Credit Linked Note Programme dated 17 March 2021 ("Programme Memorandum").
The IVC366 Notes will be issued to Noteholders on the date of listing being with effect from
26 January 2026 commencement of trade.
Salient features of the IVC366 Notes are listed below:
Issuer Investec Bank Limited
Principal Amount R1,000,000 per Note on the Issue Date
Instrument Senior unsecured floating rate Notes
Issue Date 26 January 2026
Nominal Amount per Note R1,000,000
Interest Rate The Reference Rate plus a Margin of
4.51% subject to a formula in Condition
44(f) of the applicable pricing
supplement
Scheduled Maturity Date 20 January 2031
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) the Issue
Date; and (ii) each Interest Payment
Date
Early Redemption Amount per Note The aggregate outstanding Principal
Amount (plus accrued interest, if any, up
to, but excluding, the Applicable
Redemption Date)
Final Redemption Amount per Note The aggregate outstanding Principal
Amount plus interest accrued (if any) to
the Scheduled Maturity Date
Interest Commencement Date Issue Date
Books Close Dates (i) 19 March, 19 June, 19 September and
19 December in each year until the
Applicable Redemption Date, or
(ii) the day immediately preceding any
Interest Payment Date
Last Day to Register 18 March, 18 June, 18 September and
18 December in each year. If any such
day is not a Business Day, the Business
Day before each Books Closed Period
Interest Payment Dates 20 March, 20 June, 20 September and
20 December 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 20 March 2026, as
determined in accordance with the
applicable Business Day Convention.
Business Day Convention Modified Following Business Day
JSE Stock Code IVC366
ISIN ZAG000222472
Aggregate Nominal Amount of Notes Outstanding ZAR18,215,495,226. The Issuer
under the Programme after this issuance confirms that the aggregate Principal
Amount of all Notes Outstanding under
this Programme is within the Programme
Amount.
The Pricing Supplement contains additional terms and conditions or changes to the terms and
conditions as contained in the Programme Memorandum:
1. Condition 9.2.4 (Screen Rate Determination including fallback definitions) shall not apply and the
Interest Rate shall be determined in accordance with Schedule 1.
2. Schedule I was inserted to provide definitions and terms and conditions relating to ZARONIA.
3. A new Condition 9.8 Benchmark Discontinuation was inserted as Schedule 2.
4. Schedule 3 was inserted to highlight additional risk factors relating to ZARONIA.
5. New Definitions of "Early Redemption Amount" and "Reference Entity Notional Amount".
6. The interest amount payable in respect of the Note on each Interest Payment Date will be determined
in accordance with a formula.
Investors should study the Applicable Pricing Supplement for full details of the terms and
conditions applicable to these Notes.
23 January 2026
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 23-01-2026 01:59:00
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