FIRSTRAND BANK LIMITED - FRS115-New Instrument Listing

Release Date: 12/06/2014 15:27
Code(s): FRS115
 
Wrap Text
FRS115-New Instrument Listing

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN: ZAG000116740
(FRB)


LISTING OF NEW INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of
its FRS115 Floating Rate Note, in terms of its ZAR30 000 000 000
Note Programme dated 29 November 2011.

INSTRUMENT TYPE:             Unsecured Structured Notes
Total Notes in Issue:        R9 033 239 929.00

Instrument Code:             FRS115
Nominal Issued:              R200 000 000.00
Issue Price:                 104.73864%
Issue Date:                  13 June 2014
Coupon Rate Indicator:       Fixed
Coupon Rate:                 2.25%
Interest Payment Dates:      31 January and 31 July in each year
                             until Maturity Date
Interest Commencement Date: 31 January 2014
First Interest Payment Date: 31 July 2014
Maturity Date:               31 January 2038
Last day to Register:        By 17:00 on 21 January and 21 July in
                             each year until Maturity Date
Books Close:                 22 January and 22 July in each year
                             until Maturity Date
ISIN:                        ZAG000116740
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;
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.


12 June 2014

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

Date: 12/06/2014 03:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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