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FIRSTRAND BANK LIMITED - FRC349 FRC350 - Listing of New Financial Instruments

Release Date: 04/11/2020 14:31
Code(s): FRC349 FRC350     PDF:  
Wrap Text
FRC349 FRC350 - 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: FRC349       ISIN: ZAG000172347
Bond code: FRC350       ISIN: ZAG000172354
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRC349 and FRC350 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 5 November 2020.

Type of debt security:                      Credit linked notes

Debt security code:                         FRC349
ISIN:                                       ZAG000172347
Nominal issued:                             ZAR 100 000 000.00
Coupon rate:                                3 Month JIBAR plus 260 basis points
Maturity date:                              31 January 2037, subject to paragraph 51 of the pricing supplement

Debt security code:                         FRC350
ISIN:                                       ZAG000172354
Nominal issued:                             ZAR 30 000 000.00
Coupon rate:                                3 Month JIBAR plus 200 basis points
Maturity date:                              31 January 2030, subject to paragraph 51 of the pricing supplement

Issue date:                                 5 November 2020
Issue price:                                100%
Interest commencement date:                 5 November 2020
Interest determination date(s):             The first business day of each interest period, with the first interest
                                            determination date being the issue date
First interest payment date:                31 January 2021
Interest payment date(s):                   31 January, 30 April, 31 July and 31 October of each year until the
                                            Maturity Date
Last day to register:                       By 17:00 on 26 January, 25 April, 26 July and 26 October of each year
                                            until the Maturity Date
Books close:                                27 January, 26 April, 27 July and 27 October of each year until the
                                            Maturity Date
Business day convention:                    Modified Following Business Day
Final maturity amount:                      100% of the aggregate nominal amount
Other:                                      The pricing supplements contain 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, early
                                            redemption at the option of the issuer, early redemption amount and
                                            credit linked note provisions contained in the pricing supplements

Programme amount:                           ZAR 30 000 000 000.00
Total notes in issue under programme:       ZAR 23 786 259 298.93 as at the signature date of the pricing
                                            supplements
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited



4 November 2020
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 04-11-2020 02:31:00
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