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FIRSTRAND BANK LIMITED - FRB22 - Listing of New Instrument

Release Date: 08/12/2016 10:55
Code(s): FRB22     PDF:  
Wrap Text
FRB22 - Listing of New Instrument

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: FRII
ISIN FRB22: ZAG000141219
(FRB)

LISTING OF NEW INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of
its FRB22 Subordinated, Unsecured Tier II Notes, in terms of its
ZAR80 000 000 000 Note Programme dated 13 October 2015.

INSTRUMENT TYPE:               Floating Rate Note
Total Notes in Issue:          R 58,052,451,061.06 (inclusive of all
                               issuances under the FirstRand DMTN
                               Programmes)

Instrument Code:               FRB22
Nominal Issued:                R 1 250 000 000.00
Price:                         100%
Initial Coupon:                11.258% (3 month JIBAR as at 8 December
                               2016 of 7.358% plus 390 bps)
Coupon:                        3 month JIBAR plus 390 bps
Issue Date:                    8 December 2016
Interest Commencement Date:    8 December 2016
Optional redemption Date:      8 December 2022
Maturity Date:                 8 December 2027
First Interest Payment Date:   8 March 2017
Last Day to Register           By 17:00 on 2 March, 2 June,
                               2 September and 2 December in each year
                               until maturity
Books Close                    3 March, 3 June, 3 September and
                               3 December in each year until maturity
Interest Payment Date(s)       8 March, 8 June, 8 September and
                               8 December in each year until maturity
ISIN:                          ZAG000141219
Business Day Convention:       Following Business Day


Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited

The Notes will be immobilised in the Central Depository (CSD) and
settlement will take place electronically in terms of JSE Rules.


8 December 2016

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

Date: 08/12/2016 10:55:00 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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