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FRII - 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: FRC540 ISIN: ZAG000208794
Bond code: FRC541 ISIN: ZAG000208802
Bond code: FRC542 ISIN: ZAG000208810
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE has granted FRB the listings of its FRC540, FRC541 and FRC542 senior unsecured unsubordinated notes,
in terms of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective
17 September 2024 and 20 September 2024, respectively.
Type of debt security: Credit linked notes
Debt security code: FRC540
ISIN: ZAG000208794
Nominal issued: R 40 000 000.00
Issue date: 17 September 2024
Interest commencement date: 17 September 2024
Coupon rate: 18.75% – 3 Month JIBAR, as determined in accordance with paragraph
22 of the pricing supplement
First interest payment date: 30 November 2024
Interest payment date(s): 28 February, 31 May, 31 August and 30 November in each year until the
maturity date
Last day to register: By 17:00 on 23 February, 26 May, 26 August and 25 November in each
year until the maturity date
Books close: 24 February, 27 May, 27 August and 26 November in each year until the
maturity date
Maturity date: 28 February 2035, subject to paragraph 51 of the pricing supplement
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 cessation of interest, the manner in which interest
rates is to be determined, the net asset value event, the early redemption
at the option of the issuer, the early redemption amount and the credit
linked notes provisions as contained in the pricing supplement
Debt security code: FRC541
ISIN: ZAG000208802
Nominal issued: R 100 000 000.00
Issue date: 20 September 2024
Interest commencement date: 20 September 2024
Coupon rate: 3 Month JIBAR plus 300 basis points for all interest periods commencing
from the issue date and ending on but excluding 31 July 2029, and
11.14% per annum for all interest periods commencing from 31 July 2029
and ending on but excluding the maturity date
First interest payment date: 31 October 2024
Interest payment date(s): 31 January, 30 April, 31 July and 31 October in each year until the
maturity date
Last day to register: By 17:00 on 26 January, 25 April, 26 July and 26 October in each year
until the maturity date
Books close: 27 January, 26 April, 27 July and 27 October in each year until the
maturity date
Maturity date: 31 January 2040, subject to paragraph 51 of the pricing supplement
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 cessation of interest, the mixed rate note, the early
redemption at the option of the issuer, the early redemption amount and
the credit linked notes provisions as contained in the pricing supplement
Debt security code: FRC542
ISIN: ZAG000208810
Nominal issued: R 50 000 000.00
Issue date: 20 September 2024
Interest commencement date: 20 September 2024
Coupon rate: 3 Month JIBAR plus 341 basis points, with a maximum rate of 11.66% for
all interest periods commencing from the issue date and ending on but
excluding 31 July 2029, and 11.14% per annum for all interest periods
commencing from 31 July 2029 and ending on but excluding the maturity
date
First interest payment date: 31 October 2024
Interest payment date(s): 31 January, 30 April, 31 July and 31 October in each year until the
maturity date
Last day to register: By 17:00 on 26 January, 25 April, 26 July and 26 October in each year
until the maturity date
Books close: 27 January, 26 April, 27 July and 27 October in each year until the
maturity date
Maturity date: 31 January 2040, subject to paragraph 51 of the pricing supplement
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 cessation of interest, the mixed rate note, the early
redemption at the option of the issuer, the early redemption amount and
the credit linked notes provisions as contained in the pricing supplement
THE BELOW SECTION IS APPLICABLE TO THE FRC540, FRC541 AND FRC542 NOTES ABOVE:
Issue price: 100% of par
Interest determination date(s): The first business day of each interest period, with the first interest
determination date being the issue date
Business day convention: Modified following business day
Final redemption amount: 100% of the aggregate nominal amount
Programme amount: R 60 000 000 000.00
Total notes in issue under programme: R 43 451 961 201.07 as at the signature date of the FRC542
pricing supplement
Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited
16 September 2024
Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)
Date: 16-09-2024 11:00:00
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