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FRC85 - FirstRand Bank Limited - Listing of New Financial Instrument

Release Date: 25/11/2011 14:09
Code(s): JSE
Wrap Text

FRC85 - FirstRand Bank Limited - Listing of New Financial Instrument FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration No. 1929/001225/06) Company code: BIFR1 ("FRB") LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted FirstRand Bank Limited the listing of its FRC85 Credit Linked Notes, in terms of its ZAR15,000,000,000 Structured Note and Preference Share Programme dated 11 February 2008. INSTRUMENT TYPE: Credit Linked Notes Total Notes in Issue: R 3,486,705,771.39, excluding this issuance of Notes Instrument Code: FRC85 Nominal Issued: R 25,000,000.00 Issue Price: 100% Interest Rate: 11.14% (3 month Jibar as at 25 November 2011 of 5.575% + 565bps) Coupon Rate Indicator: Credit Linked Issue Date: 25 November 2011 Interest Commencement Date: 25 November 2011 First Interest Date: 20 December 2011 Scheduled Termination Date: 20 December 2014 Last day to Register: By 17h00 on 14 December, 14 March, 14 June and 14 September in each year until the Scheduled Termination Date Books Close: 15 December, 15 March, 15 June and 15 September in each year until the
Scheduled Termination Date Interest Payment Dates: 20 December, 20 March, 20 June and 20 September in each year until the Scheduled Termination Date
ISIN: ZAG000091109 Business Day Convention: Modified Following Business Day Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited The Notes will be immobilised in the Central Depository ("CSD") and settlement will take place electronically in terms of JSE Rules. This note has been privately placed by FirstRand Bank Limited. Any prospective purchaser of the note should contact FirstRand Bank Limited for details of the terms of the note. In this regard, prospective purchasers should be aware that: 1. The note issued is subject to the terms and conditions of the pricing supplement agreed between the Issuer and the subscriber(s) for the note and the Terms and Conditions of the Notes as set out in the Programme Memorandum dated 11 February 2008 in respect of the Issuer`s Structured Note and Preference Share Programme; 2. The performance of each note issued is linked to the performance of an underlying third party entity and/or obligation stipulated in the pricing supplement in respect of the note and accordingly, as the prospective purchaser will assume credit exposure to both the Issuer and such entity and/or obligation, the note is only suitable for purchase by financially sophisticated investors after conducting all relevant independent investigations. The risks pertaining to credit-linked notes generally are more fully set out in the Programme Memorandum. Copies of the Programme Memorandum are available from the Issuer. 25 November 2011 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 25/11/2011 14:09:01 Supplied by www.sharenet.co.za 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.

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