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FIRSTRAND BANK LIMITED - FRC249-50 New Instrument Listing

Release Date: 20/04/2016 16:05
Code(s): FRC249 FRC250     PDF:  
Wrap Text
FRC249-50 New Instrument Listing

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN FRC249: ZAG000135542
ISIN FRC250: ZAG000135559
 (FRB)

LISTING OF NEW INSTRUMENTS

The JSE Limited has granted FirstRand Bank Limited the listing of
its FRC249 and FR250 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:             FRC249
Nominal Issued:              R26 128 310.00
Issue Price:                 100%
Interest Rate:               3 Month JIBAR as at 21 April
                             2016 of plus 1165 basis points
Coupon Rate Indicator:       Credit Linked Notes
Issue Date:                  21 April 2016
Interest Commencement Date:  21 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:                        ZAG000135542
Business Day Convention:     Modified Following Business Day

Instrument Code:             FRC250
Nominal Issued:              R44 368 163.00
Issue Price:                 100%
Interest Rate:               3 Month JIBAR as at 21 April
                             2016 plus 845 basis points
Coupon Rate Indicator:       Credit Linked Notes
Issue Date:                  21 April 2016
Interest Commencement Date:  21 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:                        ZAG000135559
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.

20 April 2016

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

Date: 20/04/2016 04:05:00 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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