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 Limited (“Investec Bank Limited” or the “Borrower”) on 6th July 2022. Bank of America Europe Designated Activity Company (“Bank of America”), Commerzbank Aktiengesellschaft, Industrial and Commercial Bank of China Limited, London Branch, SMBC Bank International Plc and State Bank of India, Johannesburg acted as Coordinators, Bookrunners and Mandated Lead Arrangers for the Facility. Bank of America acted as Documentation Agent and Commerzbank Finance & Covered Bond S.A acts as Facility Agent. 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 22nd March 2021 and is the second sustainability linked syndicated loan signed by Investec Bank Limited and the fourth for the Investec Group.

The Facility was initially launched at US$300,000,000 and was extremely well received in syndication, resulting in greater than 2.5 times oversubscription. The Facility amount was increased to US$450,000,000, commitments having been scaled back. A total of 25 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 Limited

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 Europe Designated Activity Company

Commerzbank Aktiengesellschaft

Industrial and Commercial Bank of China Limited, London Branch

SMBC Bank International Plc

State Bank of India, Johannesburg

Mandated Lead Arrangers:

Abu Dhabi Commercial Bank PJSC

Bank of Baroda, London Branch

Bank of China Limited, London Branch

Bank of Communications Co., Ltd. Johannesburg Branch

BNP Paribas S.A.

Canara Bank DIFC Branch

China Construction Bank Corporation, Johannesburg Branch

Citibank, N.A., Abu Dhabi Global Market Branch

Credit Europe Bank N.V.

DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main

JPMorgan Chase Bank, N.A., London Branch

Lloyds Bank Corporate Markets

Mizuho Bank, Ltd.

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

Lead Arrangers:

AfrAsia Bank Limited

Banco BAI Europa, S.A.

Bank of Taiwan South Africa Branch

Bayerische Landesbank

Erste Group Bank AG

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]

Stephen Matthysen

Financial Institutions Group Investec Bank

T: +27 11 286 9489

M: +27 82 441 1698

[email protected]

Damien Orban

Head of Emerging Markets EMEA Loan Capital Markets Bank of America

T: +44 207 995 0183

M: +44 777 064 3247

[email protected]