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FIRSTRAND BANK LIMITED - New Instrument Listing-FRC204-205

Release Date: 06/05/2014 16:04
Code(s): FRC205 FRC204     PDF:  
Wrap Text
New Instrument Listing-FRC204-205

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN FRC204: ZAG000115593
ISIN FRC205: ZAG000115619

(FRB)


LISTING OF NEW INSTRUMENT


The JSE Limited has granted FirstRand Bank Limited the listing of
its FRC204-5 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:         R9 158 239 929.00

Instrument Code:              FRC204
Nominal Issued:               R 30 000 000.00
Issue Price:                  100.00%
Interest Rate:                7.975% (2.20% over 3 month Jibar as at
                              6 May 2014 of 5.775%)
Coupon Rate Indicator:        Floating
Issue Date:                   6 May 2014
Interest Commencement Date:   6 May 2014
First Interest Date:          6 August 2014
Maturity Date:                6 May 2017
Last day to Register:         By 17:00 on 1 August, 1 November, 1
                              February and 1 May in each year until
                              the Maturity Date
Books Close:                  2 August, 2 November, 2 February
                              2 May in each year until the
                              Maturity Date
Interest Payment Date:        6 August, 6 November, 6 February,
                              6 May in each year until the
                              Maturity Date
ISIN:                         ZAG000115593
Business Day Convention:      Modified Following Business Day
INSTRUMENT TYPE:              Credit Linked Notes
Total Notes in Issue:         R9 158 239 929.00

Instrument Code:              FRC205
Nominal Issued:               R 10 000 000.00
Issue Price:                  100.00%
Interest Rate:                8.75%
Coupon Rate Indicator:        Fixed
Issue Date:                   6 May 2014
Interest Commencement Date:   6 May 2014
First Interest Date:          6 August 2014
Maturity Date:                6 August 2017
Last day to Register:         By 17:00 on 1 August, 1 November, 1
                              February and 1 May in each year until
                              the Maturity Date
Books Close:                  2 August, 2 November, 2 February
                              2 May in each year until the
                              Maturity Date
Interest Payment Date:        6 August, 6 November, 6 February,
                              6 May in each year until the
                              Maturity Date
ISIN:                         ZAG000115619
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.


06 May 2014

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

Date: 06/05/2014 04:04:00 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.

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