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FIRSTRAND BANK LIMITED - FRC475 - Listing of New Financial Instrument

Release Date: 30/05/2023 15:36
Code(s): FRC475     PDF:  
Wrap Text
FRC475 - Listing of New Financial Instrument

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC475       ISIN: ZAG000196593
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FirstRand Bank the listing of its FRC475 senior unsecured unsubordinated notes, in terms of
its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 31 May
2023.

Debt security code:                         FRC475
ISIN:                                       ZAG000196593
Type of debt security:                      Credit linked notes
Nominal issued:                             ZAR 235 000 000.00
Issue date:                                 31 May 2023
Issue price:                                100.51281% of par
Interest commencement date:                 28 April 2023
Coupon rate:                                5.672% for the interest period from the interest commencement date and
                                            ending on but excluding 31 July 2023 and 15.361% minus 3 Month
                                            JIBAR for all interest periods commencing from 31 October 2023 and
                                            ending on but excluding the maturity date
Interest determination date(s):             The first business day of each floating interest period, with the first
                                            interest determination date being the 31July 2023
First interest payment date:                31 July 2023
Interest payment date(s):                   31 January, 30 April, 31 July and 31 October in each year until the
                                            maturity Date
Last day to register:                       By 17:00 on 26 January, 25 April, 26 July and 26 October in each year
                                            until the maturity Date
Books close:                                27 January, 26 April, 27 July and 27 October in each year until the
                                            maturity Date
Maturity date:                              31 July 2030, subject to paragraph 51 of the pricing supplement
Final maturity amount:                      100% of the aggregate nominal amount, 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 manner in which the interest
                                            rate(s) is to be determine, 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

Business day convention:                    Modified Following Business Day
Programme amount:                           ZAR 60 000 000 000.00
Total notes in issue under programme:       ZAR 34 508 023 740.97, as at the signature date of the pricing
                                            supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited


30 May 2023

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

Date: 30-05-2023 03:36:00
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