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FIRSTRAND BANK LIMITED - FRC241-248 New Instrument Listing

Release Date: 19/04/2016 11:40
Code(s): FRC241 FRC242 FRC243 FRC244 FRC245 FRC246 FRC247 FRC248     PDF:  
Wrap Text
FRC241-248 New Instrument Listing

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN FRC241: ZAG000135393
ISIN FRC242: ZAG000135401
ISIN FRC243: ZAG000135419
ISIN FRC244: ZAG000135427
ISIN FRC245: ZAG000135468
ISIN FRC246: ZAG000135476
ISIN FRC247: ZAG000135484
ISIN FRC248: ZAG000135450
 (FRB)


LISTING OF NEW INSTRUMENTS

The JSE Limited has granted FirstRand Bank Limited the listing of
its FRC241-248 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 14 363 325 531.00


Instrument Code:             FRC241
Nominal Issued:              R17 880 000.00
Issue Price:                 100%
Interest Rate:               17.975% (3 Month JIBAR as at 19 April
                             2016 of 7.275% plus 1070 basis points)
Coupon Rate Indicator:       Credit Linked Notes
Issue Date:                  19 April 2016
Interest Commencement Date:  19 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:                        ZAG000135393
Business Day Convention:     Modified Following Business Day

Instrument Code:             FRC242
Nominal Issued:              R9 600 000.00
Issue Price:                 100%
Interest Rate:               17.775% (3 Month JIBAR as at 19 April
                             2016 of 7.275% plus 1050 basis points)
Coupon Rate Indicator:       Credit Linked Notes
Issue Date:                  19 April 2016
Interest Commencement Date:  19 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:                        ZAG000135401
Business Day Convention:     Modified Following Business Day

Instrument Code:             FRC243
Nominal Issued:              R2 400 000.00
Issue Price:                 100%
Interest Rate:               19.875% (3 Month JIBAR as at 19 April
                             2016 of 7.275% plus 1260 basis points)
Coupon Rate Indicator:       Credit Linked Notes
Issue Date:                  19 April 2016
Interest Commencement Date:  19 April 2016
First Interest Payment Date: 19 July 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:                        ZAG000135419
Business Day Convention:     Modified Following Business Day

Instrument Code:             FRC244
Nominal Issued:              R16 000 000.00
Issue Price:                 100%
Interest Rate:               16.765% (3 Month JIBAR as at 19 April
                             2016 of 7.275% plus 940 basis points)
Coupon Rate Indicator:       Credit Linked Notes
Issue Date:                  19 April 2016
Interest Commencement Date:  19 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:                        ZAG000135427
Business Day Convention:     Modified Following Business Day


Instrument Code:             FRC245
Nominal Issued:              R3 267 312.00
Issue Price:                 100%
Interest Rate:               19.675% (3 Month JIBAR as at 19 April
                             2016 of 7.275% plus 1240 basis points)
Coupon Rate Indicator:       Credit Linked Notes
Issue Date:                  19 April 2016
Interest Commencement Date:  19 April 2016
First Interest Payment Date: 19 July 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:                        ZAG000135468
Business Day Convention:     Modified Following Business Day


Instrument Code:             FRC246
Nominal Issued:              R3 132 688.00
Issue Price:                 100%
Interest Rate:               15.775% (3 Month JIBAR as at 19 April
                             2016 of 7.275% plus 850 basis points)
Coupon Rate Indicator:       Credit Linked Notes
Issue Date:                  19 April 2016
Interest Commencement Date:  19 April 2016
First Interest Payment Date: 19 July 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:                        ZAG000135476
Business Day Convention:     Modified Following Business Day

Instrument Code:             FRC247
Nominal Issued:              R555 770.00
Issue Price:                 100%
Interest Rate:               17.275% (3 Month JIBAR as at 19 April
                             2016 of 7.275% plus 1000 basis points)
Coupon Rate Indicator:       Credit Linked Notes
Issue Date:                  19 April 2016
Interest Commencement Date:  19 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:                        ZAG000135484
Business Day Convention:     Modified Following Business Day


Instrument Code:             FRC248
Nominal Issued:              R6 084 230.00
Issue Price:                 100%
Interest Rate:               12.875%(3 Month JIBAR as at 19 April
                             2016 of 7.275% plus 560 basis points)
Coupon Rate Indicator:       Credit Linked Notes
Issue Date:                  19 April 2016
Interest Commencement Date:  19 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:                        ZAG000135450
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.

19 April 2016

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

Date: 19/04/2016 11:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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