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FIRSTRAND BANK LIMITED - Announcement of Bond Auction - FRJ16, FRX16, FRJ17, FRX17, FRJ18, FRX18, FRJ19, FRX19, FRX23, FRX24 and FRX31

Release Date: 16/09/2013 13:05
Wrap Text
Announcement of Bond Auction - FRJ16, FRX16, FRJ17, FRX17, FRJ18, FRX18, FRJ19, FRX19, FRX23, FRX24 and FRX31

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


ANNOUNCEMENT OF BOND AUCTION

The following auction will be conducted by Rand Merchant Bank on
behalf of FirstRand Bank Limited. The auction will be subject to the
following terms:

Issuer:              FirstRand Bank Limited
Arranger:            Rand Merchant Bank
Auction date:        26 September 2013
Settlement date:     1 October 2013
Issue size:          Around the R4 billion area across the nominal
                     bonds on offer (FRB reserves the right to issue
                     at its discretion and can increase the issue
                     size if demand and pricing supports. The issue
                     size of the inflation bonds will be subject to
                     delta, demand and price)
Bonds:               FRJ16, FRX16, FRJ17, FRX17, FRJ18, FRX18,
                     FRJ19, FRX19, FRX23, FRX24 and FRX31
Tenors:              2,3,4,5,6,9,11 and 17 years
Interest nature:     Floating and fixed
Delta:               Preference will be given to bids that are given
                     with delta and only the companion bond will be
                     accommodated.
Pricing:             Indications are as at 16 September 2013, as
                     displayed on Reuters FRBBONDS and Bloomberg
                     FRBP On The Run Bonds.
Minimum denomination:ZAR 1,000,000
Auction methodology: Sealed bid without feedback
Auction times:       09:00 to 11:00
To bid:              Deon Kohlmeyer/Thando Vokwana/Alexa Nicolau
                     +27 (11) 269 9040
Contact:             Delia Patterson +27 (11) 282 4162

No switch options will be accommodated on auction date.

This announcement is for information purposes only and does not
constitute an offer or invitation to subscribe for or purchase any
securities.
16 September 2013

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

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