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FIRSTRAND BANK LIMITED - FRC550 FRS398 - Listing of New Financial Instruments

Release Date: 07/10/2024 14:55
Code(s): FRC550 FRS398     PDF:  
Wrap Text
FRC550 FRS398 - 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: FRC550       ISIN: ZAG000209545
Bond code: FRS398       ISIN: ZAG000209529
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRC550 senior unsecured unsubordinated notes and its FRS398
unsecured notes, in terms of its note programme (the programme) dated 29 November 2011, as amended from time
to time, effective 9 October 2024.

Debt security code:                         FRC550
ISIN:                                       ZAG000209545
Type of debt security:                      Credit linked notes
Nominal issued:                             R 43 000 000.00
Interest commencement date:                 9 October 2024
Coupon rate:                                3 month JIBAR plus 200 basis points
First interest payment date:                20 December 2024
Interest payment date(s):                   20 March, 20 June, 20 September and 20 December in each year until
                                            the maturity date
Last day to register:                       By 17:00 on 15 March, 15 June, 15 September and 15 December in each
                                            year until the maturity date
Books close:                                16 March, 16 June, 16 September and 16 December in each year until
                                            the maturity date
Business day convention:                    Modified following business day
Maturity date:                              20 December 2031, subject to paragraph 51 of the pricing supplement
Final redemption amount:                    100% of the aggregate nominal amount, 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 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:                         FRS398
ISIN:                                       ZAG000209529
Type of debt security:                      Single index notes
Nominal issued:                             R 70 000 000.00
Last day to register:                       By 17:00 on 7 October 2027
Books close:                                8 October 2027
Business day convention:                    Following business day
Maturity date:                              12 October 2027, as adjusted in accordance with the applicable business
                                            day convention, as specified in the pricing supplement
Final maturity amount:                      An amount in ZAR determined and calculated by the calculation agent
                                            equal to the index linked redemption amount:
                                            ILRA = ANA * ((FIL / IIL) + ARA * DC)) * (FXFVD/FXFSD) , all definitions
                                            used in this calculation are as per 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 redemption/payment basis, the early redemption at
                                            the option of the issuer, the final and early redemption amounts, the any
                                            conditions additional to, or modified from, those set forth in the terms and
                                            conditions and the FX disruption provisions contained in the pricing
                                            supplement

THE BELOW SECTION IS APPLICABLE TO THE FRC550 AND FRS398 NOTES ABOVE:

Issue date:                                 9 October 2024
Issue price:                                100% of par
Programme amount:                           R60 000 000 000.00
Total notes in issue under programme:       R43 222 847 432.07 as at the signature date of the FRC550 pricing
                                            supplement
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank division


7 October 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 07-10-2024 02:55:00
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