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FIRSTRAND BANK LIMITED - FRB18 - Listing of New Instrument

Release Date: 11/04/2016 14:45
Code(s): FRB18     PDF:  
Wrap Text
FRB18 - Listing of New Instrument

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN FRB18: ZAG000135229
(FRB)

LISTING OF NEW INSTRUMENTS

The JSE Limited has granted FirstRand Bank Limited the listing of
its FRB18 Subordinated, Unsecured Tier II Notes, in terms of its
ZAR80 000 000 000 Note Programme dated 13 October 2015.

INSTRUMENT TYPE:               Floating Rate Note
Total Notes in Issue:          R 67,971,316,000.00

Instrument Code:               FRB18
Nominal Issued:                R 1 500 000 000.00
Price:                         100%
Coupon:                        11.250% (3M JIBAR as at 8 April 2016 of
                               7.250% plus 400 bps)
Coupon Rate Indicator:         Floating
Issue Date:                    13 April 2016
Interest Commencement Date:    13 April 2016
Maturity Date:                 13 April 2026
First Interest Payment Date:   13 July 2016
Interest Payment Dates:        13 July, 13 October, 13 January and
                               13 April each year until Maturity
Last day to Register:          By 17:00 on 7 July, 7 October,
                               7 January and 7 July each year until
                               Maturity
Books Close:                   8 July, 8 October, 8 January and
                               8 April each year until Maturity
ISIN:                          ZAG000135229
Business Day Convention:       Following Business Day


Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited

The Notes will be immobilised in the Central Depository (CSD) and
settlement will take place electronically in terms of JSE Rules.

11 April 2016

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 11/04/2016 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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