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FIRSTRAND BANK LIMITED - LISTING OF NEW FINANCIAL INSTRUMENT - FRS257

Release Date: 10/03/2021 13:08
Code(s): FRS257     PDF:  
Wrap Text
LISTING OF NEW FINANCIAL INSTRUMENT - FRS257

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS257
ISIN: ZAG000174806
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its FRS257 unsecured notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended from time to time, effective 12 March 2021.

Debt security code:                          FRS257
ISIN:                                        ZAG000174806
Type of debt security:                       Floating rate notes
Nominal issued:                              ZAR 100 000 000.00
Issue date:                                  12 March 2021
Issue price:                                 100%
Coupon rate:                                 10.475% – 3 Month JIBAR
Interest determination date(s):              The first Business Day of each Interest Period, with the first Interest
                                             Determination Date being the Issue Date
Interest commencement date:                  12 March 2021
First interest payment date:                 12 June 2021
Interest payment date(s):                    12 March, 12 June, 12 September and 12 December of each year until
                                             the Maturity Date
Last day to register:                        By 17:00 on 7 March, 7 June, 7 September and 7 December of each year
                                             until the Maturity Date
Books close:                                 8 March, 8 June, 8 September and 8 December of each year until the
                                             Maturity Date
Business day convention:                     Modified Following Business Day
Maturity date:                               12 March 2024
Final maturity amount:                       100% (one hundred percent) of par
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 manner in which the interest rate is to be determined,
                                             early redemption at the option of the issuer and the early redemption
                                             amount provisions contained in the pricing supplement

Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 24 996 412 970.12 as at the signature date of the pricing
                                             supplement
Dealer:                                      FirstRand Bank Limited, acting through its Rand Merchant Bank division



10 March 2021

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

Date: 10-03-2021 01:08:00
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