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FIRSTRAND BANK LIMITED - FRC256 - Listing of New Financial Instrument

Release Date: 04/08/2017 14:35
Code(s): FRC256     PDF:  
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FRC256 - Listing of New Financial Instrument

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRC256
ISIN: ZAG000145806
(FRB)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured unsubordinated
credit-linked notes, in terms of its note programme dated 29 November 2011, effective 4 August 2017.

Instrument type:                    Amortising Credit-Linked notes
Programme amount:                   ZAR 30 000 000 000.00
Total notes in issue:               ZAR 12 283 210 970.00

Instrument code:                    FRC256
Nominal issued:                     ZAR 30 000 000.00, such amount to amortise in accordance with
                                    the instalment amounts and dates in accordance with the
                                    applicable pricing supplement
Issue price:                        100%
Interest rate:                      9.267% (3 Month JIBAR as at 4 August 2017 of 7.067% plus 220 bps)
Coupon rate indicator:              Floating
Issue date:                         4 August 2017
Interest commencement date:         4 August 2017
First interest payment date:        17 October 2017
Maturity date:                      17 July 2027
Final maturity amount:              ZAR 30 000 000.00, as reduced in accordance with the applicable pricing
                                    supplement with the final redemption amount expected to be ZAR
                                    1 500 000.00
Last day to register:               By 17:00 on 12 October, 12 January, 12 April and 12 July each year until
                                    maturity
Books close:                        13 October, 13 January, 13 April and 13 July each year until maturity
Interest payment date(s):           17 October, 17 January, 17 April and 17 July each year until maturity
ISIN:                               ZAG000145806
Business day convention:            Modified Following Business day
Dealer:                             FirstRand Bank Limited, acting through its Rand Merchant Bank division

Please note the issue price of the note is 100% and not 101.60077% as previously reported.

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.

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.


4 August 2017

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

Date: 04/08/2017 02:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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