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New Financial Instrument Listing Announcement – IBL347
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 – IBL347
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 IBL347), under Investec Bank
Limited's Domestic Medium-Term Note and Preference Share Programme dated 17 March 2021.
The IBL347 Notes will be issued to Noteholders on the date of listing being
20 February 2026 with effect from commencement of trade.
Salient features of the IBL347 Notes are listed below:
Issuer Investec Bank Limited
Instrument Senior Unsecured Notes
Issue Date 20 February 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 Note will be Floating Rate Notes
for the period from and including
20 February 2027 to but excluding the
Maturity Date, (as adjusted in
accordance with the applicable
Business Day Convention), paying the
Reference Rate plus the Margin.
Margin 0.82% from and including the Issue
Date to but excluding the Optional
Redemption Date; and
0.92% from and including the Optional
Redemption Date to but excluding the
Maturity Date
Optional Redemption Date 20 February 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
20 February 2026 ((as adjusted in
accordance with the applicable
Business Day Convention) and each
Interest Payment Date thereafter
(excluding the Maturity Date)
Maturity Date 20 February 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 20 February 2026
Books Close Dates The Register will be closed from
(i) 19 February, 19 May, 19 August
and 19 November in each year
(including the first day but excluding
the last day of each period) in each
year, until the Applicable Redemption
Date; or
(ii) the Business Day preceding any
Payment Day.
Last Day to Register 18 February, 18 May, 18 August and
18 November in each year or if 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 20 February, 20 May, 20
August and 20 November in each year.
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 (as specified
in this Applicable Pricing Supplement),
with the first Interest Payment Date
being 20 May 2026
Business Day Convention Modified Following Business Day
JSE Stock Code IBL347
ISIN ZAG000223041
ZAR41,352,000,000 (forty one billion
Aggregate Nominal Amount of Notes Outstanding in three hundred fifty two million Rand)
the Series including this issuance but excluding all under the Programme, including this
other issuances on this Issue Date Tranche
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 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: 18 February 2026
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za
Date: 18-02-2026 07:05:00
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