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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 – IVC364
Application has been made to the JSE Limited (“JSE”) for the listing of R100,000,000 (one hundred
million Rand) senior unsecured fixed rate credit index linked Notes (stock code IVC364), under
Investec Bank Limited’s Credit Linked Note Programme dated 17 March 2021 (“Programme
Memorandum”).
The IVC364 Notes will be issued to Noteholders on the date of listing being with effect from
12 December 2025 commencement of trade.
Salient features of the IVC364 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 –
(Sasol Limited)
Issue Date 12 December 2025
Nominal Amount per Note R1,000,000
Interest Rate Reference Rate plus a margin of 1.56%
from and including the Issue Date to
and excluding the Optional Redemption
Date; and
Reference Rate plus a margin of 1.71%
from and including the Optional
Redemption Date to and excluding the
Scheduled Maturity Date
Scheduled Maturity Date 12 December 2027
Optional Redemption Date (Call) 12 December 2026
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 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
Final Redemption Amount per Note The Outstanding Principal Amount per
Note (plus accrued unpaid interest, if
any, up to but excluding the Scheduled
Maturity Date)
Interest Commencement Date Issue Date
Books Closed Dates The Register will be closed on 11
March, 11 June, 11 September and 11
December each year until the
Applicable Redemption Date
Last Day to Register 10 March, 10 June, 10 September and
10 December of each year and if any
such day is not a Business Day, the
Business Day immediately preceding
such day
Interest Payment Dates 12 March, 12 June, 12 September and
12 December of each year and the
Scheduled Maturity Date or, if any 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 12 March 2026
Business Day Convention Modified Following Business Day
JSE Stock Code IVC364
ISIN ZAG000221763
Aggregate Nominal Amount of Notes Outstanding ZAR17,565,495,226 (seventeen billion
under the Programme after this issuance five hundred and sixty five million four
hundred and ninety five thousand and
two hundred and twenty six Rand)
The Pricing Supplement contains any additional Condition 6.2. (Screen Rate
terms and conditions or changes to the terms and Determination including fallback
conditions as contained in the Programme definitions) shall not apply and the
Memorandum. 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 6.12 Benchmark
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: 10 December 2025
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
