We are pleased to announce the successful closing of a US$600,000,000 Sustainability Linked Term Loan Facility (the “Facility”) for Investec Bank Limited (“Investec” or the “Borrower”) on 18th November 2021. Abu Dhabi Commercial Bank PJSC, Bank of America, Industrial and Commercial Bank of China Limited, London Branch, SMBC Bank International plc, Standard Chartered Bank and State Bank of India acted as Coordinators, Bookrunners and Mandated Lead Arrangers for the Facility. Bank of America acted as Documentation Agent and Commerzbank Aktiengesellschaft, Filiale Luxembourg acts as Facility Agent. The proceeds of the loan are to be used for general corporate purposes, including the refinancing of the Borrower’s US$500,000,000 syndicated term loan facility signed on 17th November 2020 and is the first sustainability linked syndicated loan signed by Investec Bank Limited and the second for the Investec Group.

The Facility was initially launched at US$300,000,000 and achieved a significant oversubscription of over 2.5x of the launch amount. Commitments were scaled back and the significant market demand further allowed the deal to be increased, closing at US$600,000,000. A total of 22 banks committed to the transaction from across North America, Europe, the Middle East and Asia. The success of the deal highlights the international syndicated loan market’s continued support for Investec as the global markets continue to recover from the Covid-19 pandemic. Competitive pricing, the sustainability link and a return to a single 2+1 year tranche further demonstrates the appeal of the transaction to lenders.

Details of the facility are as follows:

Borrower: Investec Bank Limited

Facility Amount: US$600,000,000

Purpose: General corporate purposes and Refinancing

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

LENDERS

Coordinators, Bookrunners and Mandated Lead Arrangers:

Abu Dhabi Commercial Bank PJSC

Bank of America

Industrial and Commercial Bank of China Limited, London Branch

SMBC Bank International plc

Standard Chartered Bank

State Bank of India

Mandated Lead Arrangers:

The Export-Import Bank of China

BNP Paribas S.A.

Canara Bank

China Construction Bank Corporation, Johannesburg Branch

Citibank N.A., London Branch

Commerzbank Aktiengesellschaft, Filiale Luxembourg

Credit Europe Bank N.V.

HSBC Bank plc – Johannesburg Branch

JP Morgan Securities plc

Lloyds Bank Corporate Markets plc

Mizuho Corporate Bank

MUFG Bank, Ltd

The National Bank of Ras Al Khaimah (P.S.C.)

Lead Arrangers:

Bank of China

Bank of Taiwan, South Africa Branch

The Export-Import Bank of the Republic of China