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FIRSTRAND BANK LIMITED - Senior Bond Auction Announcement

Release Date: 23/01/2014 12:50
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Senior Bond Auction Announcement

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:         05 February 2014
Settlement date:      10 February 2014
Issue size:           R2 billion with the ability to upsize to R2.5
                      billion (FRB reserves the right to issue at its
                      discretion and can increase the issue size if
                      demand and pricing supports.)
Bonds:                FRJ17, FRX17, FRJ18, FRX18, FRJ19, FRX19,
                      FRJ20, FRX20, FRX23, FRX24 and FRX26
Tenors:               3,4,5,6,9,10 and 12 years
Interest nature:      Floating and fixed
Delta:                The companion bond will be accommodated.
Pricing:              Indications are as at 23 January 2014, as
                      displayed on Reuters FRBBONDS and Bloomberg
                      FRBP On The Run Senior 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 83 676 9595

No FirstRand bond switches 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.


23 January 2014

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

Date: 23/01/2014 12:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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