FRC460 FRC461 FRC462 - 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: FRC460 ISIN: ZAG000194671
Bond code: FRC461 ISIN: ZAG000194663
Bond code: FRC462 ISIN: ZAG000194655
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE has granted FRB the listing of its FRC460, FRC461 and FRC462 senior unsecured unsubordinated notes,
in terms of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective
15 March 2023.
Debt security code: FRC460
ISIN: ZAG000194671
Nominal issued: ZAR 50 000 000.00
Issue price: 101.31496356% of par
Coupon rate: 3 Month JIBAR plus 369.49 basis points, subject to a maximum rate of
10.7900%, for all interest periods commencing from the issue date and
ending on but excluding 30 April 2025 and 9.9196% for all interest
periods commencing from 30 April 2025 and ending on but excluding the
maturity date
Interest payment date(s): 31 January, 30 April, 31 July and 31 October of each year until 30 April
2025
Debt security code: FRC461
ISIN: ZAG000194663
Nominal issued: ZAR 50 000 000.00
Issue price: 101.31485753% of par
Coupon rate: 3 Month JIBAR plus 369.40 basis points, subject to a maximum rate of
10.9800%, for all interest periods commencing from the issue date and
ending on but excluding 30 April 2025 and 10.1260% for all interest
periods commencing from 30 April 2025 and ending on but excluding the
maturity date
Interest payment date(s): 31 January, 30 April, 31 July and 31 October of each year until 30 April
2025
Debt security code: FRC462
ISIN: ZAG000194655
Nominal issued: ZAR 85 000 000.00
Issue price: 101.23309863% of par
Coupon rate: 3 Month JIBAR plus 300 basis points, subject to a maximum rate of
10.5230%, for all interest periods commencing from the issue date and
ending on but excluding 30 April 2026 and 10.3830% for all interest
periods commencing from 30 April 2026 and ending on but excluding the
maturity date
Interest payment date(s): 31 January, 30 April, 31 July and 31 October of each year until 30 April
2026
Type of debt security: Credit linked notes
Issue date: 15 March 2023
Interest commencement date: 31 January 2023
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 2023
Last day to register: By 17:00 on 26 January, 25 April, 26 July and 26 October of each year
until the maturity date and 2 December 2033
Books close: 27 January, 26 April, 27 July and 27 October of each year until the
maturity date and 3 December 2033
Maturity date: 7 December 2033, subject to paragraph 51
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 cessation of interest, the net asset value and
reference obligation early redemption events, 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
Programme amount: ZAR 60 000 000 000.00
Total notes in issue under programme: ZAR 32 363 756 098.47 as at the signature date of the FRC462
pricing supplement
Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited
14 March 2023
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14-03-2023 01:50:00
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