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FIRSTRAND BANK LIMITED - New Instrument Listing - FRS90

Release Date: 11/06/2013 14:15
Code(s): FRS90     PDF:  
Wrap Text
New Instrument Listing - FRS90

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN: ZAG000106410
(“FRB”)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of
its FRS90 Floating Rate Note, in terms of its ZAR30,000,000,000
Note Programme dated 29 November 2011.

INSTRUMENT TYPE:              Structured Notes
Total Notes in Issue:         R4,551,064,928.00


Instrument Code:              FRS90
Nominal Issued:               R22,000,000.00
Issue Price:                  272.64422%
Interest Rate:                5.50% per annum
Coupon Rate Indicator:        Fixed
Issue Date:                   12 June 2013
Interest Commencement Date:   7 June 2013
First Interest Date:          7 December 2013
Maturity Date:                7 December 2023
Last day to Register:         By 17:00 on 28 May and 27 November in
                              each year until the Maturity Date
Books Close:                  29 May and 28 November in each year
                              until the Maturity Date
Interest Payment Date:        7 June and 7 December in each year until
                              the Maturity Date
ISIN:                         ZAG000106410
Business Day Convention:      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.


11 June 2013

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

Date: 11/06/2013 02:15:00 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,
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