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FIRSTRAND BANK LIMITED - FRI38 Listing of Tap issue

Release Date: 19/04/2017 16:05
Code(s): FRI38     PDF:  
Wrap Text
FRI38 Listing of Tap issue

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRI38
ISIN: ZAG000141862
(FRB)

LISTING OF TAP ISSUE

The JSE Limited has granted FirstRand Bank Limited the additional listing of its FRI38 inflation-linked notes,
in terms of its Domestic Medium Term Note (DMTN) programme dated 14 October 2015, effective 20 April
2017.


Instrument type:                             Inflation-linked notes
Programme amount:                            ZAR 80 000 000 000
Total notes in issue:                        ZAR 56 139 491 061.06, inclusive of all issuances under the FRB
                                             DMTN programmes

Nominal before tap issue                     ZAR 250 000 000
Tap amount                                   ZAR 28 000 000
Nominal following tap issue                  ZAR 278 000 000

Instrument code:                             FRI38
Issue price:                                 99.74851%
Interest rate:                               2.25%
Coupon rate indicator:                       Inflation-linked
Issue date:                                  20 April 2017
Interest commencement date:                  31 January 2017
First interest payment date:                 31 July 2017
Maturity date:                               31 January 2038
Final maturity amount:                       100% of the Principal Amount
Last day to register:                        By 17:00 on 20 July and 20 January each year until maturity
Books close:                                 21 July and 21 January each year until maturity
Interest payment date(s):                    31 July and 31 January each year until maturity
Base CPI:                                    96.80220
ISIN:                                        ZAG000141862
Business day convention:                     Following Business day
Dealer:                                      Rand Merchant bank, a division of FirstRand Bank Limited

The notes will be immobilised in the Central Securities Depository 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. 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 2017

Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 19/04/2017 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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