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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 FRC108 and
FRC109 Credit Linked Note, in terms of its ZAR30,000,000,000 Note Programme
dated 29 November 2011.
INSTRUMENT TYPE: Credit Linked Notes
Total Notes in Issue: R 1,766,820,000.00
Instrument Code: FRC108
Nominal Issued: R 100,000,000.00
Issue Price: 100%
Interest Rate: 10.81% (3 month Jibar as at 23 April
2012 of 5.600% + 521bps)
Coupon Rate Indicator: Credit Linked
Issue Date: 23 April 2012
Interest Commencement Date: 23 April 2012
First Interest Date: 24 May 2012
Scheduled Termination Date: 24 February 2017
Last day to Register: By 17h00 on 18 May, 18 August and 18
November and 18 February in each year
until the Scheduled Termination Date
Books Close: 19 May, 19 August, 19 November and
19 February, in each year until the
Scheduled Termination Date
Interest Payment Date: 24 May, 24 August, 24 November and
24 February, in each year until the
Scheduled Termination Date
ISIN: ZAG000094871
Business Day Convention: Modified Following Business Day
Instrument Code: FRC109
Nominal Issued: R 55,000,000.00
Issue Price: 100%
Interest Rate: 9.10% (3 month Jibar as at 23 April
2012 of 5.600% + 350bps)
Coupon Rate Indicator: Credit Linked
Issue Date: 23 April 2012
Interest Commencement Date: 23 April 2012
First Interest Date: 20 June 2012
Scheduled Termination Date: 20 June 2017
Last day to Register: By 17h00 on 14 June, 14 September, 14
December and 14 March, in each year
until the Scheduled Termination Date
Books Close: 15 June, 15 September, 15 December and
15 March, in each year until the
Scheduled Termination Date
Interest Payment Date: 20 June, 20 September, 20 December and
20 March, in each year until the
Scheduled Termination Date
ISIN: ZAG000094889
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 April 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 23/04/2012 17:44:53 Supplied by www.sharenet.co.za
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