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FIRSTRAND BANK LIMITED - FRC463 FRC464 - Listing of New Financial Instruments

Release Date: 17/03/2023 14:15
Code(s): FRC463 FRC464     PDF:  
Wrap Text
FRC463 FRC464 - 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: FRC463       ISIN: ZAG000194770
Bond code: FRC464       ISIN: ZAG000194879
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listing of its FRC463 and FRC464 senior unsecured unsubordinated notes, in terms of
its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 20 March
2023 and 22 March 2023 respectively.

Debt security code:                         FRC463
ISIN:                                       ZAG000194770
Nominal issued:                             ZAR 20 000 000.00
Issue date:                                 20 March 2023
Interest commencement date:                 20 March 2023
Coupon rate:                                3 Month JIBAR plus 332 basis points
First interest payment date:                20 April 2023
Interest payment date(s):                   20 January, 20 April, 20 July and 20 October of each year until the
                                            maturity date
Last day to register:                       By 17:00 on 15 January, 15 April, 15 July and 15 October of each year
                                            until the maturity date
Books close:                                16 January, 16 April, 16 July and 16 October of each year until the
                                            maturity date
Maturity date:                              20 April 2032, 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 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

Debt security code:                         FRC464
ISIN:                                       ZAG000194879
Nominal issued:                             ZAR 100 000 000.00
Issue date:                                 22 March 2023
Interest commencement date:                 22 March 2023
Coupon rate:                                3 Month JIBAR plus 155 basis points
First interest payment date:                20 June 2023
Interest payment date(s):                   20 March, 20 June, 20 September and 20 December of each year until
                                            the maturity date
Last day to register:                       By 17:00 on 15 March, 15 June, 15 September and 15 December of each
                                            year until the maturity date
Books close:                                16 March, 16 June, 16 September and 16 December of each year until
                                            the maturity date
Maturity date:                              20 March 2026, 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 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
Type of debt security:                      Credit linked notes
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
Business day convention:                    Modified following business day
Final maturity amount:                      100% of the aggregate nominal amount
Programme amount:                           ZAR 60 000 000 000.00
Total notes in issue under programme:       ZAR 32 383 756 098.47 as at the signature date of the FRC464
                                            pricing supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited




17 March 2023

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

Date: 17-03-2023 02:15:00
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