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BIFR1 - FirstRand Bank Limited - Listing of New Financial Instrument

Release Date: 28/05/2012 17:14
Code(s): JSE
Wrap Text

BIFR1 - 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 FRS68 Mixed Rate Note, in terms of its ZAR30,000,000,000 Note Programme dated 29 November 2011. INSTRUMENT TYPE: Structured Notes Total Notes in Issue: R 2,392,220,000.00 Instrument Code: FRS68 Nominal Issued: R 20,000,000.00 Issue Price: 100% Interest Rate: 0.754% (9.175% x 73/365 + 2.5x (3 month Jibar as at 09 May 2012 of 5.600% 7.315%) x 92/365) Coupon Rate Indicator: Mixed Rate Note Issue Date: 28 May 2012 Interest Commencement Date: 09 May 2012 First Interest Date: 09 August 2012 Scheduled Termination Date: 09 November 2024 Last day to Register: By 17h00 on 03 August, 03 November, 03 February and 03 May in each year until the Maturity Date Books Close: 04 August, 04 November, 04 February and 04 May, in each year until the
Maturity Date Interest Payment Date: 09 August, 09 November, 09 February and 09 May, in each year until the Maturity Date
ISIN: ZAG000095795 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. 28 May 2012 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 28/05/2012 17:14:00 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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