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FIRSTRAND BANK LIMITED - FRB15 - New Instrument Listing

Release Date: 05/03/2015 13:50
Code(s): FRB15     PDF:  
Wrap Text
FRB15 - New Instrument Listing

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN: ZAG000124199
(FRB)

LISTING OF NEW INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of
its FRB15 Subordinated, Unsecured Tier 2 Floating Rate Notes, in
terms of its ZAR80 000 000 000 Note Programme dated 20 February
2015.

INSTRUMENT TYPE:             Floating Rate Note
Total Notes in Issue:        R 2,000,000,000.00

Instrument Code:             FRB15
Nominal Issued:              R 2,000,000,000.00
Price:                       100%
Coupon:                      9.600% (3 Month JIBAR as at 27 February
                             2015 of 6.100% plus 350 basis points)
Coupon Rate Indicator:       Floating
Issue Date:                  6 March 2015
Interest Commencement Date:  6 March 2015
Maturity Date:               6 March 2025
Optional Redemption Date:    6 March 2020
First Interest Payment Date: 6 June 2015
Interest Payment Dates:      6 June, 6 September, 6 December and 6 March
                             until maturity date.
Last day to Register:        By 17:00 on 31 May, 31 August, 30
                             November and 28 February until maturity
                             date
Books Close:                 1 June, 1 September, 1 December and 1 March
                             until maturity date.
ISIN:                        ZAG000124199
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.

5 March 2015

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

Date: 05/03/2015 01:50:00 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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