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FIRSTRAND BANK LIMITED - FRC259 - Listing of New Financial Instrument

Release Date: 11/10/2017 10:30
Code(s): FRC259     PDF:  
Wrap Text
FRC259 - 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: FRC259
ISIN: ZAG000147414
(FRB)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured unsubordinated
credit-linked single index notes, in terms of its note programme dated 29 November 2011, effective 13
October 2017.

Instrument type:                  Credit-Linked single index notes
Programme amount:                 ZAR 30 000 000 000.00
Total notes in issue:             ZAR 12 676 373 063.00

Instrument code:                  FRC259
Nominal issued:                   ZAR 50 000 000.00
Issue price:                      100%
Interest rate:                    3.337%
Coupon rate indicator:            Floating
Issue date:                       13 October 2017
Interest commencement date:       13 October 2017
First interest payment date:      6 November 2017
Maturity date:                    6 November 2023
Final maturity amount:            100% of the Aggregate Nominal Amount, adjusted by the CPI
                                  Adjustment for the Maturity Date, provided that if the amount so
                                  adjusted is less than the Aggregate Nominal Amount, the Final
                                  Redemption Amount will be the Aggregate Nominal Amount, subject to
                                  paragraph 51 of the applicable pricing supplement
Last day to register:             By 17:00 on 1 November and 1 May of each year until maturity
Books close:                      2 November and 2 May of each year until maturity
Interest payment date(s):         6 November and 6 May of each year until maturity
ISIN:                             ZAG000147414
Business day convention:          Modified Following Business day
Dealer:                           FirstRand Bank Limited, acting through its Rand Merchant Bank division

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.


11 October 2017

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

Date: 11/10/2017 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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