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

FIRSTRAND BANK LIMITED - FRS197 FRS199 - Listing of New Financial Instruments

Release Date: 02/08/2019 14:28
Code(s): FRS197 FRS199     PDF:  
Wrap Text
FRS197 FRS199 - Listing of New Financial Instruments

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRS197       ISIN: ZAG000161373
Bond code: FRS199       ISIN: ZAG000161381
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted FirstRand Bank Limited the listing of its unsecured floating rate notes, in terms of its
note programme (the programme) dated 29 November 2011, as amended and updated from time to time, effective 5
August 2019.

Debt security code:                          FRS197
ISIN:                                        ZAG000161373
Nominal issued:                              ZAR 1 000 000 000.00
Coupon rate:                                 3 month JIBAR plus 125 basis points
Interest determination date(s):              The first Business Day of each Interest Period, with the exception of the
                                             first Interest Determination Date which will be 29 July 2019
Maturity date:                               5 August 2024
Other:                                       The pricing supplement does not contain changes to the terms and
                                             conditions as contained in the programme
Summary of additional terms:                 Not applicable

Debt security code:                          FRS199
ISIN:                                        ZAG000161381
Nominal issued:                              ZAR 150 000 000.00
Coupon rate:                                 3 month JIBAR plus 200 basis points, with a maximum interest rate
                                             of 9.272%
Interest determination date(s):              The first Business Day of each Interest Period
Maturity date:                               5 August 2025
Other:                                       The pricing supplement contains changes to the terms and conditions as
                                             contained in the programme
Summary of additional terms:                 Please refer to the early redemption provisions contained in the pricing
                                             supplement


Type of debt security:                       Floating rate notes
Issue date:                                  5 August 2019
Issue price:                                 100%
Interest commencement date:                  5 August 2019
First interest payment date:                 5 November 2019
Interest payment date(s):                    5 February, 5 May, 5 August and 5 November of each year until the
                                             Maturity Date
Last day to register:                        By 17:00 on 31 January, 30 April, 31 July and 31 October of each year
                                             until the Maturity Date
Books close:                                 1 February, 1 May, 1 August and 1 November of each year until the
                                             Maturity Date
Final maturity amount:                       100% of par
Business day convention:                     Modified Following Business Day
Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 21 875 673 936.58
Dealer:                                      FirstRand Bank Limited, acting through its Rand Merchant Bank division


The notes will be immobilised in the Central Securities Depository and settlement will take place electronically
in terms of JSE Rules.

2 August 2019

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

Date: 02/08/2019 02:28:00
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.

Share This Story