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FIRSTRAND BANK LIMITED - New Instruments Listing FRC236-40

Release Date: 12/04/2016 16:15
Code(s): FRC240 FRC238 FRC239 FRC236 FRC237     PDF:  
Wrap Text
New Instruments Listing FRC236-40

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN FRC236: ZAG000135211
ISIN FRC237: ZAG000135203
ISIN FRC238: ZAG000135237
ISIN FRC239: ZAG000135245
ISIN FRC240: ZAG000135252
(FRB)


LISTING OF NEW INSTRUMENTS

The JSE Limited has granted FirstRand Bank Limited the listing of
its FRC236, FRC237, FRC238, FRC239 and FRC240 Senior Unsecured
Unsubordinated Credit Linked Notes, in terms of its ZAR30 000 000
000 Note Programme dated 29 November 2011.

INSTRUMENT TYPE:               Credit Linked Note
Total Notes in Issue:          ZAR 14 233 909 058.00

Instrument Code:               FRC236
Nominal Issued:                R3,200,000.00
Issue Price:                   100%
Interest Rate:                 3 Month JIBAR plus 1060 basis points
Coupon Rate Indicator:         Credit Linked Notes
Issue Date:                    13 April 2016
Interest Commencement Date:    13 April 2016
First Interest Payment Date:   8 May 2016
Maturity Date:                 8 February 2020
Last day to Register:          By 17:00 on 3 February, 3 May, 3 August
                               and 3 November each year until
                               maturity
Books Close:                   4 February, 4 May, 4 August and
                               4 November in each year until maturity
Interest Payment Date:         8 February, 8 May, 8 August
                               and 8 November in each year until
                               maturity
ISIN:                          ZAG000135211
Business Day Convention:       Modified Following Business Day


Instrument Code:               FRC237
Nominal Issued:                R1,200,000.00
Issue Price:                   100%
Interest Rate:                 3 Month JIBAR plus 1290 basis points
Coupon Rate Indicator:         Credit Linked Notes
Issue Date:                    13 April 2016
Interest Commencement Date:    13 April 2016
First Interest Payment Date:   19 April 2016
Maturity Date:                 19 October 2020
Last day to Register:          By 17:00 on 14 January, 14 April,
                               14 July and 14 October each year until
                               maturity
Books Close:                   15 January, 15 April, 15 July and
                               15 October in each year until maturity
Interest Payment Date:         19 April, 19 July, 19 October
                               and 19 January in each year until
                               maturity
ISIN:                          ZAG000135203
Business Day Convention:       Modified Following Business Day


Instrument Code:               FRC238
Nominal Issued:                R1,680,000.00
Issue Price:                   100%
Interest Rate:                 3 Month JIBAR plus 1080 basis points
Coupon Rate Indicator:         Credit Linked Notes
Issue Date:                    14 April 2016
Interest Commencement Date:    14 April 2016
First Interest Payment Date:   8 May 2016
Maturity Date:                 8 February 2020
Last day to Register:          By 17:00 on 3 February, 3 May,
                               3 August and 3 November each year until
                               maturity
Books Close:                   4 February, 4 May, 4 August and
                               4 November in each year until maturity
Interest Payment Date:         8 February, 8 May, 8 August
                               and 8 November in each year until
                               maturity
ISIN:                          ZAG000135237
Business Day Convention:       Modified Following Business Day

Instrument Code:               FRC239
Nominal Issued:                R1,360,000.00
Issue Price:                   100%
Interest Rate:                 3 Month JIBAR plus 1300 basis points
Coupon Rate Indicator:         Credit Linked Notes
Issue Date:                    14 April 2016
Interest Commencement Date:    14 April 2016
First Interest Payment Date:   19 April 2016
Maturity Date:                 19 October 2020
Last day to Register:          By 17:00 on 14 January, 14 April,
                               14 July and 14 October each year until
                               maturity
Books Close:                   15 January, 15 April, 15 July and
                               15 October in each year until maturity
Interest Payment Date:         19 April, 19 July, 19 October and
                               19 January in each year until maturity
ISIN:                          ZAG000135245
Business Day Convention:       Modified Following Business Day

Instrument Code:               FRC240
Nominal Issued:                R1,200,000.00
Issue Price:                   100%
Interest Rate:                 3 Month JIBAR plus 1200 basis points
Coupon Rate Indicator:         Credit Linked Notes
Issue Date:                    14 April 2016
Interest Commencement Date:    14 April 2016
First Interest Payment Date:   19 April 2016
Maturity Date:                 19 October 2020
Last day to Register:          By 17:00 on 14 January, 14 April,
                               14 July and 14 October each year until
                               maturity
Books Close:                   15 January, 15 April, 15 July and
                               15 October in each year until maturity
Interest Payment Date:         19 April, 19 July, 19 October and
                               19 January in each year until maturity
ISIN:                          ZAG000135252
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.


12 April 2016

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

Date: 12/04/2016 04:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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