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FRC587 FRC588 - 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: FRC587 ISIN: ZAG000216250
Bond code: FRC588 ISIN: ZAG000216268
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE has granted FRB the listings of its FRC587 and FRC588 senior unsecured unsubordinated notes, in terms of its note programme (the
programme) dated 29 November 2011, as amended or supplemented from time to time, effective 11 June 2025.
Type of debt security: Mixed rate credit linked notes
Debt security code: FRC587
ISIN: ZAG000216250
Nominal issued: R130 000 000.00
Coupon rate: 3 Month JIBAR plus 200 basis points for all interest periods commencing from the issue
date and ending on but excluding 31 March 2028 and 9.316% per annum for all interest
periods commencing from 31 March 2028 and ending on but excluding the maturity date
Maturity date: 31 March 2033, subject to paragraph 51 of the pricing supplement
Debt security code: FRC588
ISIN: ZAG000216268
Nominal issued: R250 000 000.00
Coupon rate: 3 Month JIBAR plus 200 basis points for all interest periods commencing from the issue
date and ending on but excluding 31 March 2030 and 8.75% per annum for all interest
periods commencing from 31 March 2030 and ending on but excluding the maturity date
Maturity date: 31 March 2033, subject to paragraph 51 of the pricing supplement
THE BELOW SECTION IS APPLICABLE TO THE FRC587 AND FRC588 NOTES ABOVE:
Issue date: 11 June 2025
Issue price: 100% of par
Interest commencement date: 11 June 2025
First interest payment date: 30 June 2025
Interest determination date(s): The first business day of each interest period, with the first interest determination date
being the issue date
Interest payment date(s): 31 March, 30 June, 30 September and 31 December in each year until the maturity date
Last day to register: By 17:00 on 26 March, 25 June, 25 September and 26 December in each year until the
maturity date
Books close: 27 March, 26 June, 26 September and 27 December in each year until the maturity date
Business day convention: Modified following business day
Final redemption amount: 100% of the aggregate nominal amount
Summary of additional terms: In addition to the terms and conditions contained in the programme, please refer to the
cessation of interest, mixed rate note, 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: R60 000 000 000.00
Total notes in issue under programme: R52 688 980 372.04 as at the signature date of the FRC588 pricing supplement
Dealer: FirstRand Bank Limited, acting through its Rand Merchant Bank division
9 June 2025
Debt sponsor
FirstRand Bank Limited
Date: 09-06-2025 03:55:00
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