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

FIRSTRAND BANK LIMITED - New Instrument Listing - FRS84

Release Date: 04/04/2013 15:05
Code(s): FRS84     PDF:  
Wrap Text
New Instrument Listing - FRS84

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ZAG000104514
(“FRB”)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of
its FRS84 Structured Notes, in terms of its ZAR30,000,000,000 Note
Programme dated 29 November 2011.

INSTRUMENT TYPE:             Structured Notes
Total Notes in Issue:        R3,899,255,000.00


Instrument Code:             FRS84
Nominal Issued:              R450,000,000.00
Issue Price:                 100%
Interest Rate:               5.125% (3 month Jibar as at 4 April
                             2013 of 5.125% plus 0 bps margin)
Coupon Rate Indicator:       Floating rate
Issue Date:                  4 April 2013
Interest Commencement Date: 4 April 2013
First Interest Payment Date: 30 June 2013
Maturity Date:               30 March 2014
Last day to Register:        By 17:00 on 24 June 2013, 24 September
                             2013, 24 December 2013 and 24 March 2014
Books Close:                 25 June 2013, 25 September 2013,
                             25 December 2013 and 25 March 2014 (all
                             dates inclusive)
Interest Payment Date:       30 June 2013, 30 September 2013,
                             30 December 2013 and 30 March 2014
ISIN:                        ZAG000104514
Business Day Convention:     Modified Following Business Day


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.

4 April 2013

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

Date: 04/04/2013 03:05:00 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