Book size: 1600; First Pay: 2026-07-30; Redemption: 2031-04-30; Registration: Reg S Only; Comments: GBP300m 10.5NC5.5 fxd-rate-reset cpn 5.625% at 99.896, yld 5.656%. Spread: UKT+163. Tax Call: Yes. Reset Date: 30/07/2031. LEI: 2138007Z3U5GWDN3MY22;
Deal Comments
Tier 2
Use of Proceeds
General financing purposes of the Issuer, including the downstreaming of funds to Investec Bank plc in the form of subordinated debt. Some or all of the funds may be used to fund the tender offer of the £350 million Fixed Rate Reset Callable Subordinated Notes due 2032 (ISIN XS2393629311)