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FIRSTRAND BANK LIMITED - New Instrument Listing- FRC200-3

Release Date: 17/04/2014 15:10
Code(s): FRC200 FRC201 FRC202 FRC203     PDF:  
Wrap Text
New Instrument Listing- FRC200-3

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN FRC200: ZAG000114992
ISIN FRC201: ZAG000115106
ISIN FRC202: ZAG000115114
ISIN FRC203: ZAG000115122

(FRB)


LISTING OF NEW INSTRUMENT


The JSE Limited has granted FirstRand Bank Limited the listing of
its FRC200-3 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:         R8 615 239 929.00

Instrument Code:              FRC200
Nominal Issued:               R 100 000 000.00
Issue Price:                  100.00%
Interest Rate:                7.775% (2.00% over 3 month Jibar as at
                              17 April 2014 of 5.775%)
Coupon Rate Indicator:        Floating
Issue Date:                   17 April 2014
Interest Commencement Date:   17 April 2014
First Interest Date:          17 July 2014
Maturity Date:                17 April 2017
Last day to Register:         By 17:00 on 12 July, 12 October,12
                              January and 12 April in each year until
                              the Maturity Date
Books Close:                  13 July, 13 October, 13 January
                              13 April in each year until the
                              Maturity Date
Interest Payment Date:        17 July, 17 October,17 January,
                              17 April in each year until the
                              Maturity Date
ISIN:                         ZAG000114992
Business Day Convention:      Modified Following Business Day
INSTRUMENT TYPE:              Credit Linked Notes
Total Notes in Issue:         R8 365 239 929.00

Instrument Code:              FRC201
Nominal Issued:               R 150 000 000.00
Issue Price:                  100.00%
Interest Rate:                7.025% (1.25% over 3 month Jibar as at
                              17 April 2014 of 5.775%)
Coupon Rate Indicator:        Floating
Issue Date:                   17 April 2014
Interest Commencement Date:   17 April 2014
First Interest Date:          17 July 2014
Maturity Date:                17 April 2016
Last day to Register:         By 17:00 on 12 July, 12 October,12
                              January and 12 April in each year until
                              the Maturity Date
Books Close:                  13 July, 13 October, 13 January
                              13 April in each year until the
                              Maturity Date
Interest Payment Date:        17 July, 17 October,17 January,
                              17 April in each year until the
                              Maturity Date
ISIN:                         ZAG000115106
Business Day Convention:      Modified Following Business Day




INSTRUMENT TYPE:              Credit Linked Notes
Total Notes in Issue:         R8 515 239 929.00

Instrument Code:              FRC202
Nominal Issued:               R 400 000 000.00
Issue Price:                  100.00%
Interest Rate:                6.93% (2.00% over 3 month Jibar as at
                              17 April 2014 of 5.775%)
Coupon Rate Indicator:        Floating
Issue Date:                   17 April 2014
Interest Commencement Date:   17 April 2014
First Interest Date:          17 July 2014
Maturity Date:                17 April 2017
Last day to Register:         By 17:00 on 12 July, 12 October,12
                              January and 12 April in each year until
                              the Maturity Date
Books Close:                  13 July, 13 October, 13 January
                              13 April in each year until the
                              Maturity Date
Interest Payment Date:        17 July, 17 October,17 January,
                              17 April in each year until the
                              Maturity Date
ISIN:                         ZAG000115114
Business Day Convention:      Modified Following Business Day



INSTRUMENT TYPE:              Credit Linked Notes
Total Notes in Issue:         R8 515 239 929.00

Instrument Code:              FRC203
Nominal Issued:               R 150 000 000.00
Issue Price:                  100.00%
Interest Rate:                6.995% (1.22% over 3 month Jibar as at
                              17 April 2014 of 5.775%)
Coupon Rate Indicator:        Floating
Issue Date:                   17 April 2014
Interest Commencement Date:   17 April 2014
First Interest Date:          17 July 2014
Maturity Date:                17 April 2016
Last day to Register:         By 17:00 on 12 July, 12 October,12
                              January and 12 April in each year until
                              the Maturity Date
Books Close:                  13 July, 13 October, 13 January
                              13 April in each year until the
                              Maturity Date
Interest Payment Date:        17 July, 17 October,17 January,
                              17 April in each year until the
                              Maturity Date
ISIN:                         ZAG000115122
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.


17 April 2014

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

Date: 17/04/2014 03:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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