To view the PDF file, sign up for a MySharenet subscription.

FIRSTRAND BANK LIMITED - New Instrument Listing

Release Date: 30/07/2012 09:40
Code(s): FRC143 FRC144     PDF:  
Wrap Text
New Instrument Listing

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 FRC143 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 2,802,281,000.00

Instrument Code:             FRC143
Nominal Issued:              R 61,000,000.00
Issue Price:                 100%
Interest Rate:               8.535% (3 month Jibar of 5.075% as at 
                             10 July 2012 plus 346 basis points)
Coupon Rate Indicator:       Credit Linked
Issue Date:                  27 July 2012
Interest Commencement Date:  27 July 2012
First Interest Date:         20 September 2012
Scheduled Termination Date:  20 September 2017
Last day to Register:        By 17:00 on 14 March, 14 June, 14 
                             September and 14 December in each year 
                             until Maturity Date
Books Close:                 15 March, 15 June, 15 September and 15 
                             December in each year until Maturity 
                             Date
Interest Payment Date:       20 March, 20 June, 20 September and 20 
                             December until Maturity Date                  
ISIN:                        ZAG000097551

Business Day Convention:     Modified Following Business Day 












Instrument Code:             FRC144
Nominal Issued:              R 30,500,000.00
Issue Price:                 100%
Interest Rate:               7.095% (3 month Jibar of 5.075% as at 
                             10 July 2012 plus 202 basis points)
Coupon Rate Indicator:       Credit Linked
Issue Date:                  27 July 2012
Interest Commencement Date:  27 July 2012
First Interest Date:         20 September 2012
Scheduled Termination Date:  20 September 2017
Last day to Register:        By 17:00 on 14 March, 14 June, 14 
                             September and 14 December in each year 
                             until Maturity Date
Books Close:                 15 March, 15 June, 15 September and 15 
                             December in each year until Maturity 
                             Date
Interest Payment Date:       20 March, 20 June, 20 September and 20 
                             December until Maturity Date                  
ISIN:                        ZAG000097569

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 Issuers 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. 


30 July 2012

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 30/07/2012 09:40:00 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.

Share This Story