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New Financial Instrument Listing Announcement – IBL356
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 – IBL356
Application has been made to the JSE Limited ("JSE") for the listing of ZAR500,000,000 (five hundred
million Rand) Senior Unsecured Mixed Rate Notes (stock code IBL356), under Investec Bank
Limited's Domestic Medium-Term Note and Preference Share Programme dated
17 March 2021.
The IBL356 Notes will be issued to Noteholders on the date of listing being
24 April 2026 with effect from commencement of trade.
Salient features of the IBL356 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 24 April 2026
Aggregate Nominal Amount ZAR500,000,000 (five hundred million
Rand)
Nominal Amount per Note R1,000,000 (one million Rand) as at
the Issue Date
Interest Rate The Notes will be
(a) Fixed Rate Notes for the period
from and including the Issue Date to
but excluding 24 April 2027 (as
adjusted in accordance with the
applicable Business Day
Convention) paying 7.75% naca;
and
(b) Floating Rate Notes for the period
from and including 24 April 2027 (as
adjusted in accordance with the
applicable Business Day
Convention) to but excluding the
Maturity Date paying the Reference
Rate plus a margin of 0.80%.
Optional Redemption Date 24 April 2027
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 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) 24 April 2027 (as adjusted in
accordance with the applicable
Business Day Convention) and
(ii) each Interest Payment Date thereafter
(excluding the Maturity Date)
Maturity Date 24 April 2028 (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
Redemption Date)
Interest Commencement Date 24 April 2026
Books Close Dates The Register will be closed
(i) in relation to the Fixed Rate Notes,
on 23 April 2027 and in relation to
the Floating Rate Notes, on 23 July
2027, 23 October 2027, 23
January 2028 and
23 April 2028, or
(ii) the Business Day preceding any
Payment Day.
Last Day to Register (i) 22 April 2027 for the Fixed Rate
Notes and 22 July 2027, 22
October 2027, 22 January 2028
and 22 April 2028 for the Floating
Rate Notes, or if any such day is
not a Business Day, the Business
Day before each Books Closed
Period; or
(ii) the Business Day immediately
preceding the Closed Book Dates.
Interest Payment Dates means in relation to the Fixed Rate
Notes as specified in item 43(ii)(a)
below, 24 April 2027 and thereafter in
relation to the Floating Rate Notes as
specified in item 43(ii)(b) below,
24 July 2027, 24 October 2027,
24 January 2028 and 24 April 2028
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 Modified Following Business Day
JSE Stock Code IBL356
ISIN ZAG000224635
Aggregate Nominal Amount of Notes Outstanding in ZAR39,709,000,000
the Series including this issuance but excluding all
other issuances on this Issue Date
The Pricing Supplement contains additional terms and Condition 9.2.4 (Screen Rate
conditions or changes to the terms and conditions as Determination including fallback
contained in the Programme Memorandum definitions) shall not apply and the
Interest Rate shall be determined in
accordance with Schedule 1.
Schedule 1 was inserted to provide
definitions and terms and conditions
relating to ZARONIA.
A new Condition 9.8 Bench Mark
Discontinuation was inserted as
Schedule 2.
Schedule 3 was inserted to highlight
additional risk factors relating to
ZARONIA.
Investors should study the Applicable Pricing Supplement for full details of the terms and conditions
applicable to these Notes which can be viewed or downloaded on the Issuer's website:
www.investec.com.
Date: 23 April 2026
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 23-04-2026 07:05:00
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