To view the PDF file, sign up for a MySharenet subscription.

FIRSTRAND BANK LIMITED - FRC533 FRC534 - Listing of New Financial Instruments

Release Date: 19/08/2024 16:10
Code(s): FRC533 FRC534     PDF:  
Wrap Text
FRC533 FRC534 - 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: FRC533       ISIN: ZAG000207986
Bond code: FRC534       ISIN: ZAG000207994
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRC533 and FRC534 senior unsecured unsubordinated notes, in terms
of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 23
August 2024 and 20 August 2024, respectively.

Type of debt security:                      Credit linked notes

Debt security code:                         FRC533
ISIN:                                       ZAG000207986
Nominal issued:                             R 50 000 000.00
Issue date:                                 23 August 2024
Interest commencement date:                 23 August 2024
Coupon rate:                                3 Month JIBAR plus 300 basis points, with a maximum rate of 11.35% for
                                            all interest periods commencing from the issue date and ending on but
                                            excluding 31 July 2029, and 11.96% per annum for all interest periods
                                            commencing from 31 July 2029 and ending on but excluding the maturity
                                            date
Maturity date:                              31 January 2037, subject to paragraph 51 of the pricing supplement

Debt security code:                         FRC534
ISIN:                                       ZAG000207994
Nominal issued:                             R 50 000 000.00
Issue date:                                 20 August 2024
Interest commencement date:                 20 August 2024
Coupon rate:                                3 Month JIBAR plus 344 basis points, with a maximum rate of 11.79% for
                                            all interest periods commencing from the issue date and ending on but
                                            excluding 31 July 2029, and 11.80% per annum for all interest periods
                                            commencing from 31 July 2029 and ending on but excluding the maturity
                                            date
Maturity date:                              31 January 2040, subject to paragraph 51 of the pricing supplement

THE BELOW SECTION IS APPLICABLE TO THE FRC533 AND FRC534 NOTES ABOVE:

Issue price:                                100% of par
First interest payment date:                31 October 2024
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 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
Business day convention:                    Modified following business day
Final redemption amount:                    100% of the aggregate nominal amount
Other:                                      The pricing supplements contain additional terms and conditions to the
                                            terms and conditions as contained in the programme
Summary of additional terms:                Please refer to the mixed rate note, the cessation of interest, 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:                           R 60 000 000 000.00
Total notes in issue under programme:       R 42 003 569 482.07 as at the signature date of the FRC534
                                            pricing supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited


19 August 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 19-08-2024 04:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.