To view the PDF file, sign up for a MySharenet subscription.

FIRSTRAND BANK LIMITED - FRS277 FRS278 - Listing of New Financial Instruments

Release Date: 14/09/2021 09:57
Code(s): FRS278 FRS277     PDF:  
Wrap Text
FRS277 FRS278 - 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: FRS277       ISIN: ZAG000179763
Bond code: FRS278       ISIN: ZAG000179896
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted FirstRand Bank Limited the listing of its FRS277 and FRS278 senior unsecured
unsubordinated notes, in terms of its note programme (the programme) dated 29 November 2011, as amended from
time to time, effective 15 September 2021 and 16 September 2021 respectively.

Debt security code:                         FRS277
ISIN:                                       ZAG000179763
Nominal issued:                             ZAR 100 000 000.00
Issue date:                                 15 September 2021
Coupon rate:                                3 Month JIBAR plus 85 basis points
Interest determination date(s):             The Interest Determination Date is the Issue Date
Interest commencement date:                 15 September 2021
First interest payment date:                12 November 2021
Interest payment date(s):                   12 November 2021
Last day to register:                       By 17:00 on 7 November 2021
Books close:                                8 November 2021
Maturity date:                              12 November 2021
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 bond early redemption event, the early
                                            redemption at the option of the issuer, the early redemption amount and
                                            the reference bond and hedging disruption provisions contained in the
                                            pricing supplement


Debt security code:                         FRS278
ISIN:                                       ZAG000179896
Nominal issued:                             ZAR 40 000 000.00
Issue date:                                 16 September 2021
Coupon rate:                                3 Month JIBAR plus 463 basis points
Interest determination date(s):             The first Business Day of each Interest Period, with the first Interest
                                            Determination Date being the Issue Date
Interest commencement date:                 16 September 2021
First interest payment date:                30 September 2021
Interest payment date(s):                   31 March, 30 June, 30 September and 31 December of each year until
                                            the Maturity Date
Last day to register:                       By 17:00 on 26 March, 25 June, 25 September and 26 December of each
                                            year until the Maturity Date
Books close:                                27 March, 26 June, 26 September and 27 December of each year until
                                            the Maturity Date
Maturity date:                              30 September 2024
Final maturity amount:                      Physical settlement of the Reference Bond as stipulated and defined in
                                            paragraphs 36 and 93 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 net asset value event, the reference bond early
                                            redemption event, the early redemption at the option of the issuer, the
                                        early redemption amount, the final redemption amount, the reference
                                        bond and hedging disruption provisions contained in the pricing
                                        supplement

Issue price:                            100% of par
Type of debt security:                  Floating rate notes
Business day convention:                Modified Following Business Day
Programme amount:                       ZAR 30 000 000 000.00
Total notes in issue under programme:   ZAR 25 531 989 385.14 as at the signature date of the FRS278
                                        pricing supplement
Dealer:                                 FirstRand Bank Limited, acting through its Rand Merchant Bank division



14 September 2021

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

Date: 14-09-2021 09:57:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.