23rd Jan 2026 10:42
Investec PLC and Ltd - Sandton-based financial services company - Announces that the maximum acceptance amounts to GBP300.0 million after a cash tender offer of callable fixed rate resettable subordinated notes. The lender on Thursday launched an offer to buy back up to GBP350.0 million of its outstanding 2.6% callable, fixed-rate resettable subordinated notes due 2032. Investec offered a purchase price of around 99% of principal, plus accrued interest, with any notes acquired to be cancelled. The group said on Thursday that the offer formed part of the proactive management and optimisation of its debt profile.
Current stock price in London: 600.50 pence, down 0.7% on Friday
12-month change: up 11%
Current PLC stock price in Johannesburg: ZAR131.46, down 1.2%
12-month change: up 7.8%
Current Ltd stock price in Johannesburg: ZAR131.02, down 1.1%
12-month change: up 8.3%
By Artwell Dlamini, Alliance News senior reporter South Africa
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