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FIRSTRAND BANK LIMITED - FRC441 FRC442 - Listing of new financial instruments

Release Date: 17/10/2022 17:30
Code(s): FRC441 FRC442     PDF:  
Wrap Text
FRC441 FRC442 - 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: FRC441       ISIN: ZAG000191008
Bond code: FRC442       ISIN: ZAG000191016
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRC441 and FRC442 senior unsecured unsubordinated notes, in terms
of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 25
October 2022.

Debt security code:                         FRC441
ISIN:                                       ZAG000191008
Coupon rate:                                3 Month JIBAR plus 310 basis points, subject to a maximum rate of
                                            11.65%, for all interest periods commencing from the issue date and
                                            ending on but excluding 31 August 2027 and 11.44% for all interest
                                            periods commencing from 31 August 2027 and ending on but excluding
                                            the maturity date

Debt security code:                         FRC442
ISIN:                                       ZAG000191016
Coupon rate:                                3 Month JIBAR plus 310 basis points, for all interest periods commencing
                                            from the issue date and ending on but excluding 31 August 2027 and
                                            10.288% for all interest periods commencing from 31 August 2027 and
                                            ending on but excluding the maturity date


Type of debt security:                      Credit linked notes
Nominal issued:                             ZAR 55 000 000.00
Issue date:                                 25 October 2022
Interest commencement date:                 25 October 2022
Issue price:                                100% of par
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:                30 November 2022
Interest payment date(s):                   28 February, 31 May, 31 August and 30 November of each year until the
                                            maturity date
Last day to register:                       By 17:00 on 23 February, 26 May, 26 August and 25 November of each
                                            year until the maturity date
Books close:                                24 February, 27 May, 27 August and 26 November of each year until the
                                            maturity date
Business day convention:                    Modified following business day
Maturity date:                              28 February 2035, subject to paragraph 51 of the pricing supplements
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 mixed rate note provisions, cessation of interest,
                                            reference obligation early redemption event, the early redemption at the
                                            option of the issuer, the early redemption amount and the credit linked
                                            notes provisions as contained in the pricing supplements
Programme amount:                           ZAR 60 000 000 000.00
Total notes in issue under programme:       ZAR 31 458 175 974.30 as at the signature date of the FRC442
                                            pricing supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited


17 October 2022

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

Date: 17-10-2022 05:30:00
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