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FIRSTRAND BANK LIMITED - FRC360 FRS253 - Listing of New Financial Instruments

Release Date: 18/02/2021 12:00
Code(s): FRC360 FRS253     PDF:  
Wrap Text
FRC360 FRS253 - 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: FRC360       ISIN: ZAG000174285
Bond code: FRS253       ISIN: ZAG000174228
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited (JSE) has granted FRB the listing of its FRC360 senior unsecured unsubordinated structured notes
and FRS253 unsecured structured notes, in terms of its note programme (the programme) dated 29 November 2011,
as amended from time to time, effective 22 February 2021 for FRS253 and 23 February 2021 for FRC360.

Debt security code:                         FRC360
ISIN:                                       ZAG000174285
Type of debt security:                      Credit linked notes
Nominal issued:                             ZAR 50 000 000.00
Issue date:                                 23 February 2021
Issue price:                                100% of par
Interest commencement date:                 23 February 2021
Coupon rate:                                3 Month JIBAR plus 240 basis points
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 April 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
Maturity date:                              31 January 2037, subject to paragraph 51 of the pricing supplement
Business day convention:                    Modified Following Business Day
Final maturity amount:                      100% of the Aggregate Nominal Amount
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 reference obligation early redemption event, early
                                            redemption at the option of the issuer, early redemption amount and
                                            credit linked notes provisions contained in the pricing supplement

Debt security code:                         FRS253
ISIN:                                       ZAG000174228
Type of debt security:                      Single index and currency linked notes
Nominal issued:                             ZAR 28 000 000.00
Issue date:                                 22 February 2021
Issue price:                                100% of par
Last day to register:                       By 17:00 on 17 February 2024
Books close:                                18 February 2024
Business day convention:                    Following Business Day
Maturity date:                              22 February 2024
Final maturity amount:                      An amount in ZAR determined and calculated by the Calculation Agent
                                            equal to the Index Linked Redemption Amount:
                                                 ILRA = ANA * (100% + PPN * MAX(FIL / IIL -100%; 0) *
                                                 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 early redemption at the option of the issuer and the
                                            final and early redemption amounts, increased cost of hedging and FX
                                            disruption provisions contained in the pricing supplement

Programme amount:                           ZAR 30 000 000 000.00
Total notes in issue under programme:       ZAR 24 435 758 766.45 as at the signature date of the FRS253
                                            pricing supplement
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank division



18 February 2021

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

Date: 18-02-2021 12:00:00
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