LONDON - Investec (LON:INVP) plc, the international banking and asset management group, has announced the expansion of its Euro Medium Term Note Program to £6 billion, a significant increase from the previous £2 billion limit. The Base Prospectus for the program was approved by the United Kingdom (TADAWUL:4280) Financial Conduct Authority on Thursday, January 23, 2025, and is now available for public viewing.
The Base Prospectus, which sets the terms for future bond issuances under the program, has been submitted to the National Storage Mechanism and will soon be accessible for inspection at the official repository.
Investec operates under a dual listed company structure, with Investec Limited incorporated in the Republic of South Africa and Investec plc incorporated in England and Wales. The group is listed on both the London Stock Exchange (LON:LSEG) (LSE share code: INVP) and the Johannesburg Stock Exchange (JSE share code: INP).
The expansion of the Euro Medium Term Note Program reflects Investec’s ongoing strategy to diversify its funding sources and maintain a robust capital structure. The program enables the company to issue debt securities in a flexible manner over time, which can be an effective way to manage liquidity and fund various corporate activities.
Investec has advised that the information contained in the Base Prospectus is targeted at residents of specific countries only, as detailed within the document, and should not be relied upon by individuals outside of these jurisdictions or to whom the offer is not addressed.
The announcement is based on a press release statement from Investec and provides key information for investors and market watchers. It is important to note that this expansion of the note program is a common financial practice and does not necessarily indicate a change in the company’s performance or strategy.
Investors interested in the specifics of the program and the securities that may be issued under it are encouraged to review the Base Prospectus for detailed information, including the terms and conditions of the notes and risk factors associated with investing in such securities.
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