FRS308 - 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: FRS308 ISIN: ZAG000188004
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENT
The JSE Limited has granted FirstRand Bank Limited the listing of its FRS308 unsecured structured notes, in terms
of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 18 July
2022.
Debt security code: FRS308
ISIN: ZAG000188004
Type of debt security: Floating rate note
Nominal issued: ZAR 245 000 000.00
Issue date: 18 July 2022
Issue price: 102.24325343% of par
Interest commencement date: 30 April 2022
Coupon rate: 3 Month JIBAR plus 600 basis points for all interest periods commencing
from the 30 April 2022 and ending on but excluding 31 July 2022 and
13.63% - 3 Month JIBAR for all interest periods commencing from 31 July
2022 and ending on but excluding the maturity date
First interest payment date: 31 July 2022
Interest payment date(s): 31 January, 30 April, 31 July and 31 October of each year until the
maturity date
Last day to register: By 17:00 on 26 January, 25 April, 26 July and 26 October of each year
until the maturity date
Books close: 27 January, 26 April, 27 July and 27 October of each year until the
maturity date
Business day convention: Modified Following Business Day
Maturity date: 31 July 2023
Final maturity amount: An amount in ZAR determined and calculated by the Calculation agent
equal to the Swap Linked Redemption Amount:
SLRA = N + L*C
All definitions used in this calculation are as per the pricing supplement
Other: FRS227 has been settled free of value as FRS308 replaces FRS227,
FRS308 will settle free of value as well.
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 interest rate is to be determined,
early redemption at the option of the Issuer and the early redemption
provisions contained in the pricing supplement
Programme amount: ZAR 60 000 000 000.00
Total notes in issue under programme: ZAR 30 788 834 399.30 as at the signature date of the pricing
supplement
Dealer: FirstRand Bank Limited, acting through its Rand Merchant Bank division
7 July 2022
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07-07-2022 05:33:00
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