FIRSTRAND BANK LIMITED - Announcement of bond auctions - FirstRand Bank Limited

Announcement of bond auctions - FirstRand Bank Limited

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
(FRB)


ANNOUNCEMENT OF BOND AUCTIONS

The following auctions will be conducted by Rand Merchant Bank on
behalf of FirstRand Bank Limited. The auctions will be subject to the
following terms:

Issuer:              FirstRand Bank Limited
Arranger:            Rand Merchant Bank
Auction date:        13 May 2014
Settlement date:     16 May 2014
Issue size:          Up to R4 billion (FRB reserves the right to
                     issue at its discretion.)
Status of bonds:     Senior unsecured
Bonds:               FRJ17, FRX17, FRJ18, FRX18, FRJ19,FRX19, FRJ20,
                     FRX20, FRX23, FRX24 and FRX26
Tenors:              3,4,5,6,7,9,10 and 12 years
Interest nature:     Floating and fixed
Delta:               The companion bond will be accommodated.
Minimum denomination:ZAR 1,000,000
Auction methodology: Sealed bid without feedback (uniform price)
Auction times:       09:00 to 11:00
To bid:              Deon Kohlmeyer/Thando Vokwana/Alexa Nicolau
                     +27 (11) 269 9040
Contact:             Delia Patterson +27 (11) 282 4162

No FirstRand bond switches will be accommodated on auction date.

Issuer:              FirstRand Bank Limited
Arranger:            Rand Merchant Bank
Auction date:        28 May 2014
Settlement date:     2 June 2014
Issue size:          Up to R2 billion (FRB reserves the right to
                     issue at its discretion.)
Status of bonds:     Subordinated unsecured
Tenors:              10NC5 / 12NC7 (Registrar approval required to
                     call notes)
Interest nature:     Floating and/or fixed
Delta:               The companion bond will be accommodated.
Pricing:             Price guidance to be provided on 19 May 2014
Minimum denomination:ZAR 1,000,000
Auction methodology: Sealed bid without feedback (uniform price)
Auction times:       09:00 to 11:00
To bid:              Deon Kohlmeyer/Thando Vokwana/Alexa Nicolau
                     +27 (11) 269 9040
Contact:             Delia Patterson +27 (11) 282 4162

No FirstRand bond switches will be accommodated on auction date.

This announcement is for information purposes only and does not
constitute an offer or invitation to subscribe for or purchase any
securities.


25 April 2014

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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