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FIRSTRAND BANK LIMITED - Notice to elect payment of not interest- FRC78-9 FRC82 FRC95 FRC98 FRC117 & FRC175

Release Date: 13/03/2015 16:15
Code(s): FRC117 FRC175 FRC78 FRC79 FRC82 FRC95 FRC98     PDF:  
Wrap Text
Notice to elect payment of not interest- FRC78-9 FRC82 FRC95 FRC98 FRC117 & FRC175

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




                             FIRSTRAND BANK LIMITED
                         (Registration Number: 1929/001225/06)
                                       (the Issuer)


  NOTICE TO ELECT NO PAYMENT OF INTEREST IN TERMS OF PARAGRAPH 11
 OF THE FIRSTRAND BANK LIMITED ZAR15,000,000,000 STRUCTURED NOTE AND
                   PREFERENCE SHARE PROGRAMME


1.    In terms of this notice the Issuer of the Applicable Pricing Supplements issued under
      the FirstRand Bank Limited ZAR15,000,000,000 Structured Note and Preference
      Share Programme (the Programme) established pursuant to a programme
      memorandum dated 11 February 2008 (the Programme Memorandum) elects to
      make no Interest Payment on the next Interest Payment Date, which is 15 June 2015
      to any Noteholders of:

1.1        applicable pricing supplement dated 10 October 2014 (the FRC78 Applicable
           Pricing Supplement) in relation to the issue of ZAR22,350,000 Credit Linked
           Notes with Scheduled Termination Date of 15 June 2016 (Stock Code FRC78)
           (the FRC78 Notes);

1.2        applicable pricing supplement dated 12 October 2011 (the FRC79 Applicable
           Pricing Supplement) in relation to the issue of ZAR30,350,000 Credit Linked
           Notes with Scheduled Termination Date of 15 June 2016 (Stock Code FRC79)
           (the FRC79 Notes);

1.3        applicable pricing supplement dated 17 November 2011 (the FRC82 Applicable
           Pricing Supplement) in relation to the issue of ZAR20,000,000 Credit Linked
           Notes with Scheduled Termination Date of 15 June 2016 (Stock Code FRC82)
           (the FRC82 Notes),

      the FRC78 Notes, the FRC79 Notes and the FRC82 Notes, together constituting the
      Notes and the FRC78 Applicable Pricing Supplement, the FRC79 Applicable Pricing
      Supplement and the FRC82 Applicable Pricing Supplement, together constituting the
      Applicable Pricing Supplements.

2.    Capitalised terms used herein which are not otherwise defined shall bear the meaning
      ascribed thereto in the Terms and Conditions where the context requires.
                             FIRSTRAND BANK LIMITED
                         (Registration Number: 1929/001225/06)
                                       (the Issuer)


 NOTICE TO ELECT NO PAYMENT OF INTEREST IN TERMS OF PARAGRAPH 22(J)
              FOR THE APPLICABLE PRICING SUPPLEMENTS


3.    In terms of this notice the Issuer of the Applicable Pricing Supplements issued under
      the FirstRand Limited ZAR30,000,000,000 Note Programme (the Programme)
      established pursuant to a programme memorandum dated 29 November 2011 (the
      Programme Memorandum) elects to make no Interest Payment on the next Interest
      Payment Date, which is 15 June 2015 to any Noteholders of:

3.1        applicable pricing supplement dated 3 February 2012 (the FRC95 Applicable
           Pricing Supplement) in relation to the issue of ZAR4,000,000 Credit Linked
           Notes with Scheduled Termination Date of 15 June 2016 (Stock Code FRC95)
           (the FRC95 Notes);

3.2        applicable pricing supplement dated 20 February 2012 (the FRC98 Applicable
           Pricing Supplement) in relation to the issue of ZAR32,000,000 Credit Linked
           Notes with Scheduled Termination Date of 15 June 2016 (Stock Code FRC98)
           (the FRC98 Notes);

3.3        applicable pricing supplement dated 4 June 2012 (the FRC117 Applicable
           Pricing Supplement) in relation to the issue of ZAR8,300,000 Credit Linked
           Notes with Scheduled Termination Date of 15 June 2016 (Stock Code FRC117)
           (the FRC117 Notes);

3.4        applicable pricing supplement dated 12 June 2013 (the FRC175 Applicable
           Pricing Supplement) in relation to the issue of ZAR20,000,000 Credit Linked
           Notes with Scheduled Termination Date of 15 June 2016 (Stock Code FRC175)
           (the FRC175 Notes);

      the FRC95 Notes, the FRC98 Notes, the FRC117 Notes and the FRC175 Notes,
      together constituting the Notes and the FRC95 Applicable Pricing Supplement, the
      FRC98 Applicable Pricing Supplement, the FRC117 Applicable Pricing Supplement
      and the FRC175 Applicable Pricing Supplement, together constituting the Applicable
      Pricing Supplements.

4.    Capitalised terms used herein which are not otherwise defined shall bear the meaning
      ascribed thereto in the Terms and Conditions (read together with the Additional Terms
      and Conditions of Credit-Linked Notes (the Credit-Linked Annex)) where the context
      requires.


13 March 2015

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

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