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FIRSTRAND BANK LIMITED - FRC338 FRC339 - Listing of New Financial Instruments

Release Date: 08/06/2020 11:37
Code(s): FRC338 FRC339     PDF:  
Wrap Text
FRC338 FRC339 - Listing of New Financial Instruments

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC338       ISIN: ZAG000168535
Bond code: FRC339       ISIN: ZAG000168626
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listing of its senior unsecured unsubordinated credit linked notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended from time to time, effective 9 June 2020.

Type of debt security:                       Credit linked notes

Debt security code:                          FRC338
ISIN:                                        ZAG000168535
Nominal issued:                              ZAR 75 000 000.00
Coupon rate:                                 3 Month JIBAR plus 202 basis points
Interest determination date(s):              The first Business Day of each Interest Period
First interest payment date:                 9 September 2020
Interest payment date(s):                    9 March, 9 June, 9 September and 9 December of each year until the
                                             Maturity Date
Last day to register:                        By 17:00 on 4 March, 4 June, 4 September and 4 December of each until
                                             the Maturity Date
Books close:                                 5 March, 5 June, 5 September and 5 December of each year until the
                                             Maturity Date
Maturity date:                               9 June 2021

Debt security code:                          FRC339
ISIN:                                        ZAG000168626
Nominal issued:                              ZAR 104 125 047.00
Coupon rate:                                 3 Month JIBAR plus 150 basis points
Interest determination date(s):              The first Business Day of each Interest Period
First interest payment date:                 7 September 2020
Interest payment date(s):                    7 March, 7 June, 7 September and 7 December of each year until the
                                             Maturity Date
Last day to register:                        By 17:00 on 2 March, 2 June, 2 September and 2 December of each until
                                             the Maturity Date
Books close:                                 3 March, 3 June, 3 September and 3 December of each year until the
                                             Maturity Date
Maturity date:                               7 December 2023

Issue date:                                  9 June 2020
Issue price:                                 100%
Interest commencement date:                  9 June 2020
Business day convention:                     Modified Following Business Day
Final maturity amount:                       100% of the Aggregate Nominal Amount
Other:                                       The pricing supplement contains additional terms and conditions to the
                                             terms and conditions as contained in the programme
Summary of additional terms:                 Please refer to the reference obligation early redemption event and credit
                                             linked note provisions contained in the pricing supplement

Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 26 914 931 274.57 as at the issue date
Dealer:                                      Rand Merchant Bank, a division of FirstRand Bank Limited
8 June 2020

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 08-06-2020 11:37:00
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