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BIFR1 - FirstRand Bank Limited - Listing of New Financial Instruments

Release Date: 23/01/2012 16:07
Code(s): JSE
Wrap Text

BIFR1 - FirstRand Bank Limited - Listing of New Financial Instruments FirstRand Bank Limited (Incorporated in the Republic of South Africa) (Registration No. 1929/001225/06) Company code: BIFR1 ("FRB") LISTING OF NEW FINANCIAL INSTRUMENTS The JSE Limited has granted FirstRand Bank Limited the listing of its FRC90 and FRC91 Credit Linked Notes, in terms of its ZAR30,000,000,000 Note Programme dated 29 November 2011. INSTRUMENT TYPE: Credit Linked Notes Total Notes in Issue: R 1,891,700,000.00 Instrument Code: FRC90 Nominal Issued: R 24,000,000.00 Issue Price: 100% Interest Rate: 6.296% (3 month Jibar as at 20 January 2012 of 5.596% + 70bps) Coupon Rate Indicator: Credit Linked Issue Date: 20 January 2012 Interest Commencement Date: 20 January 2012 First Interest Date: 20 March 2012 Scheduled Termination Date: 20 March 2013 Last day to Register: By 17h00 on 14 March, 14 June, 14 September and 14 December in each year
until the Scheduled Termination Date Books Close: 15 March, 15 June, 15 September and 15 December in each year until the Scheduled Termination Date
Interest Payment Dates: 20 March, 20 June, 20 September and 20 December in each year until the Scheduled Termination Date ISIN: ZAG000092388 Business Day Convention: Modified Following Business Day Instrument Code: FRC91 Nominal Issued: R 25,000,000.00 Issue Price: 100% Interest Rate: 6.306% (3 month Jibar as at 20 January 2012 of 5.596% + 71bps) Coupon Rate Indicator: Credit Linked Issue Date: 20 January 2012 Interest Commencement Date: 20 January 2012 First Interest Date: 20 March 2012 Scheduled Termination Date: 20 March 2013 Last day to Register: By 17h00 on 14 March, 14 June, 14 September and 14 December in each year until the Scheduled Termination Date Books Close: 15 March, 15 June, 15 September and 15 December in each year until the
Scheduled Termination Date Interest Payment Dates: 20 March, 20 June, 20 September and 20 December in each year until the Scheduled Termination Date
ISIN: ZAG000092370 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 29 November 2011 in respect of the Issuer`s Note 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. 23 January 2012 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 23/01/2012 16:07:00 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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