07 Jul 2022

$450 million sustainability linked term loan facility

We are pleased to announce the successful closing of a US$450,000,000 Sustainability Linked Term Loan Facility (the “Facility”) for Investec Bank plc (“Investec Bank plc” or the “Borrower”) on 29th June 2022. Bank of America, Citibank, N.A., London Branch, Industrial and Commercial Bank of China Limited, London Branch, Mizuho Bank, Ltd. and Standard Chartered Bank acted as Coordinators, Bookrunners and Mandated Lead Arrangers for the Facility. Bank of America acted as Documentation Agent and Mizuho Bank, Ltd. acts as Facility Agent. Bank of America and Mizuho Bank, Ltd. are joint Sustainability Coordinators. The proceeds of the loan are to be used for general corporate purposes, including the partial refinancing of the Borrower’s US$600,000,000 syndicated term loan facility signed on 6th July 2021 and is the second sustainability linked syndicated loan signed by Investec Bank Plc and the fourth for the Investec Group.

The Facility was initially launched at USD 300mn and, following successful syndication, was upsized to USD 450mn due to strong demand and oversubscription demonstrating the strength of support from the market for the Borrower. Alongside the upsizing of the Facility the participating lenders were scaled back. A total of 23 banks committed to the transaction from across North America, Europe, the Middle East and Asia. The success of the Facility highlights the international syndicated loan market’s continued support for Investec despite recent market uncertainty.

Details of the facility are as follows:

Borrower: Investec Bank plc

Facility Amount: US$450,000,000

Purpose: General corporate purposes and refinancing

Tenor: 2 years + 1 year extension at Borrower’s option

LENDERS

Coordinators, Bookrunners and Mandated Lead Arrangers:

Bank of America

Citibank, N.A., London Branch

Industrial and Commercial Bank of China Limited, London Branch

Mizuho Bank, Ltd.

Standard Chartered Bank

Mandated Lead Arrangers:

Bank of Baroda, London Branch

State Bank of India, London Branch

Abu Dhabi Commercial Bank PJSC

Bank of China Limited, London Branch

BNP Paribas, London Branch

China Construction Bank (Asia) Corporation Limited

ING Bank N.V.

J.P. Morgan Securities plc

Lloyds Bank Corporate Markets

Banco Santander, S.A., London Branch

SMBC Bank International Plc

Wells Fargo Bank, N.A., London Branch

Lead Arrangers:

The Korean Development Bank, London Branch

AfrAsia Bank Limited

CTBC Bank Co., Ltd

Erste Group Bank AG

Landesbank Baden-Württemberg, London Branch

ABOUT INVESTEC

Investec partners with private, institutional, and corporate clients, offering international banking, investments, and wealth management services in two principal markets, South Africa, and the UK, as well as certain other countries. The Group was established in 1974 and currently has 8,300+ employees. Investec has a dual listed company structure with primary listings on the London and Johannesburg Stock Exchanges.

For any further enquiries, please contact the following:

Name: Darryn Solomon

Global Head of Financial Institutions Group Investec Bank

T: +27 11 286 9204

M :+27 82 558 0759

[email protected]

Tangwena Nelson

Financial Institutions Investec PLC

T: +44 20 7597 5497

M: +44 7835 149624

[email protected]

Charlotte Howell

Global Loan Syndications Industrial and Commercial Bank of China Limited, London Branch

T: +44 20 7398 9541

M: +44 7855 275619

[email protected]